Rupee touches the newest low, nearing 73 per dollar
Mumbai,, Sept 12 (IBNS) : The rupee on Wednesday sunk to a new all-time low at 72.91 against the dollar at the interbank foreign exchange market,continuing its steady fall since August.
According to reports, the domestic currency was quoting 22 paise lower at a fresh record low of 72.91 against the US dollar in morning trade amid surging crude oil prices and foreign fund outflows that continued for weeks.
On Tuesday, after scaling a historic low of 72.74, the local unit, finally settled day at 72.69, showing a loss of 24 paise, or 0.33 per cent.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
