New Delhi, Oct 7: The rupee weakened to a new low against the US dollar on Friday as Federal Reserve officials in the US outlined a large quantum of rate hikes going ahead, leading to a stronger greenback globally.
The rupee, which weakened past the 82 per dollar mark for the first time, was at 82.76 per dollar at 16:00 IST. Its previous low was 81.95 per dollar.
The rupee has suffered an intense spell of weakness since September 21 after the Fed signalled a longer-than-expected US rate hike cycle. The local currency has depreciated 2.9 per cent since that day, breaching past successive psychologically crucial levels.
