Rupee ends at record closing low for 3rd straight session as dollar firms
MUMBAI, Dec 26 (Reuters) – The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and importers’ month-end dollar demand. The rupee ended at 85.2625 to the dollar, against 85.20 in the previous session. It hit an all-time low of 85.2825 earlier in the session. “Importers were pretty active in the session, while trading volumes were relatively low towards the year-end,” a trader with a private bank said. The rupee’s drop to 85 from 84 happened over two months, while the decline to 84 from 83 took nearly 14