MUMBAI: The rupee slid to a record low of 52.77 on Monday as signs of a sharp slowdown in Asia's third-largest economy prompted investors to buy dollars.
Traders said possible buying by local oil importers, the biggest buyers of dollars in the local forex market, also pressured the currency.
At 4:53 pm , the partially convertible rupee was at 52.76 per dollar, after closing at 52.03/04 on Friday.
Traders said possible buying by local oil importers, the biggest buyers of dollars in the local forex market, also pressured the currency.
At 4:53 pm , the partially convertible rupee was at 52.76 per dollar, after closing at 52.03/04 on Friday.
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