Rupee inches closer to 73, hits 72.91 against US Dollar

Rupee currency

Mumbai, Sep 12: Continuing its downward trend, the Indian rupee hit a new low of Rs 72.91 on Wednesday morning.

The rupee has been on a down slide owing to inflationary pressure and decline among its global peers against the dollar.

On Wednesday, it opened at a low of 72.78 per dollar, against the previous close 72.69 per dollar.

The Indian rupee has depreciated 13 per cent so far in 2018.

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