Rupee opens at record low for first time, breaches 81- mark against US dollar

The rupee depreciated 44 paise and slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong American currency and risk-off sentiment among investors. Forex traders said the escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite.

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