Rupee closes at new low of 84.0775 vs USD amid outflows

The Indian rupee closed at yet another record low of 84.0775 against the US dollar on Tuesday, pressured by outflows caused by Hyundai routing back funds to its parent company in South Korea after its latest IPO, dealers said. The Indian rupee closed at yet another record low of 84.0775 against the US dollar on Tuesday, pressured by outflows caused by Hyundai routing back funds to its parent company in South Korea after its latest IPO, dealers said.  Economic Times