Rupee devalues to record low near 70.20 (Lead)
Thursday - August 16, 2018 10:36 am ,
Category : BUSINESS
Rupee devalues to record low near 70.20 (Lead)
Mumbai Aug 16 (IANS) Wider trade deficit along with recent outflow of foreign funds weakened the Indian rupee to a fresh record low during the early morning trade session on Thursday.
At 9.45 a.m. the rupee traded at 70.18-19 after it had plunged to 70.32-33 -- the lowest ever -- against the greenback.
On Tuesday morning the Indian currency had plunged to 70.08 -- its previous lowest ever mark -- against the greenback.
At the end of the intra-bank trade session on Tuesday the Indian rupee strengthened by four paise at 69.90 against the dollar compared to Monday s close of 69.94 per greenback.
--IANS rv/in
At 9.45 a.m. the rupee traded at 70.18-19 after it had plunged to 70.32-33 -- the lowest ever -- against the greenback.
On Tuesday morning the Indian currency had plunged to 70.08 -- its previous lowest ever mark -- against the greenback.
At the end of the intra-bank trade session on Tuesday the Indian rupee strengthened by four paise at 69.90 against the dollar compared to Monday s close of 69.94 per greenback.
--IANS rv/in
