Rupee Plummets to New All-Time Low of 71.37, Drops 16 Paise

The dollar strengthened against some currencies overseas while high crude oil prices and consistent outflow of foreign funds also weighed on the Indian currency amid tensions over global trade and strains in emerging market currencies.
Rupee

Mumbai, Sep 4 : The Indian rupee hit a new all-time low of 71.37 per dollar on Tuesday tracking a similar trend among its global peers and amid concerns of trade war escalation.

It opened at 71.24 per dollar surpassing the previous low of 71.21 per dollar, at which it had closed on Monday.

The dollar strengthened against some currencies overseas while high crude oil prices and consistent outflow of foreign funds also weighed on the Indian currency amid tensions over global trade and strains in emerging market currencies.

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