MUMBAI (Reuters) – The Indian rupee declined to an all-time low on Wednesday on the back of importers buying dollars for immediate and future payments, and poor risk appetite.
The rupee slipped to a lifetime low 84.0900 to the U.S. dollar, inching past the previous low of 84.0850.
There is month-end related dollar demand from importers and for November, a forex trader said.
Asian shares and currencies were mostly lower on uncertainty over the Nov 5 U.S. elections.
(Reporting by Nimesh Vora; Editing by Savio D’Souza)
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