According to forex traders, the domestic unit slipped due to constant demand for American currency from custodial banks and oil companies.

On Friday, the Indian rupee opened at a record low of 83.72 against the greenback.

According to forex traders, the domestic unit slipped due to constant demand for American currency from custodial banks and oil companies. On Thursday, it closed at Rs 83.70.

On Friday, the domestic currency depreciated 2 paise to open at 83.72 against the US dollar.

Factors such as differentials in interest rates, differentials in inflation, Current Account Deficits, Public Debt, and Terms of Trade influence currency exchange rates.

Currency Exchange rates

US Dollar - 83.722640

Euro - 90.909034

British Pound - 107.703469

Australian Dollar - 54.873737

Canadian Dollar - 60.611868

Singapore Dollar - 62.356926

Swiss Franc - 95.052626

Malaysian Ringgit - 17.957258

Japanese Yen - 0.545279

Chinese Yuan Renminbi - 11.557713