The rupee closed at an all-time low impacted by a host of factors, including rise in US Treasury yields, a weak Chinese yuan, India’s merchandise trade deficit widening

Indian rupee hits all-time low at 84.89 against the dollar due to weak markets, but supported by soft U.S. dollar.

Rupee edged lower to 84.8250, down 0.04 per cent, amid pressure on Asian currencies following weaker-than-expected Chinese retail sales data.

MUMBAI: The rupee depreciated by 11 paise to close at an all-time low level of 84.91 against the US dollar on Monday, dragged down by a negative trend in domestic equities. Forex traders said the Indian rupee declined on weak domestic markets and rising US bond yields.

At the interbank foreign exchange, the rupee opened at 84.83 and touched 84.89 against the greenback during intraday trade. The unit finally ended the session 9 paise down at 84.8

The Indian rupee hit a new low of 84.86 per US dollar on Monday, driven by a high trade deficit and rising US bond yields. RBI's intervention helped cap the decline.