Rupee Settles At 20-Month Low Against Dollar Amid Forex Outflows

The rupee plunged by as much as 44 paise to settle at a 20-month low on Wednesday, December 15, as consistent foreign fund outflows and risk-averse sentiments weighed on the local unit. At the interbank foreign exchange market, the local unit breached the 76 level in the opening session to trade lower at 76.05 against the dollar on foreign fund outflows.