Rupee drops to new record low; sentiment weak

Mumbai: The rupee opened weaker on Thursday and fell to a new record low almost immediately on global risk aversion, with traders waiting for the impact of India's petrol price hike on domestic equities for further direction.

At 9:05 am, the partially convertible rupee was at 56.12/13 per dollar, after hitting a record low of 56.24 in initial trade.

It had closed Wednesday at 55.9950/56.0050.

At 9:05 am, the partially convertible rupee was at 56.12/13 per dollar, after hitting a record low of 56.24 in initial trade.

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