The rupee depreciated 1 paisa to its all-time low of 80.06 against the US dollar in opening trade on Thursday , July 21, 2022, amid demand for dollar from oil importers and firm crude oil prices.
Forex traders said the rupee is hovering around 80 level as the overall gains in crude prices in the last few days, wherein Brent has risen above $106 per barrel mark, is putting pressure on the local unit.
Moreover, rising current account deficit and trade deficit also weighed on investor sentiments.
