Thursday, 30 August 2018

Indian rupee hits record low of 70.81 per dollar

After a marginal gap down gap the Indian rupeetouched a record low of seventy.81 per greenback.

It has opened marginally lower at seventy.63 per greenback versus previous shut seventy.59.

On Wed, the rupee closed at a historic low of seventy.59 when it plunged to the bottom of seventy.65 on the rear month-end greenbackdemand from importers and foreign capital outflows.

Yesterday rupee announce a biggest single session decline against USAgreenback since August thirteen, 2018.

The rupee has fallen by ten% this year thus far - creatingit the worst-performing currency in Asia.

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