The rupee declined 17 paise to close at its all-time low of 77.71 against the U.S. dollar on Tuesday as surging U.S. bond yields dampened the appeal of riskier assets.
Losses in domestic equities, high crude oil prices and forex outflows also weighed on the rupee.
At the interbank foreign exchange market, the rupee opened lower at 77.65 against the greenback and finally settled at 77.71, down 17 paise over its previous close.
This is the fifth straight monthly decline for the rupee amid weak risk sentiment, foreign fund outflows and concerns over high inflation.
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