Rupee crashes further, hits 72.67 per dollar (Second Lead)
Monday - September 10, 2018 1:06 pm ,
Category : BUSINESS
Rupee crashes further, hits 72.67 per dollar (Second Lead)
Mumbai Sep 10 (IANS) Continuing its free fall the Indian rupee touched a new low of 72.67 on Monday depreciating by almost a rupee from its previous close of 71.73 per US dollar.
Around 12.30 p.m. it traded at its lowest-ever level of 72.67 after opening at 72.18 per greenback.
Along with the decline in global currencies against the dollar and persistent trade tensions a wider current account deficit of India also weighed on the rupee analysts said.
India s current account deficit in the April-June period stood at 2.4 per cent of the gross domestic product (GDP) against 1.9 per cent of the GDP in the January-March quarter of 2017-18 according to data released by the Reserve Bank of India on Friday.
--IANS rrb/anp/bg
Around 12.30 p.m. it traded at its lowest-ever level of 72.67 after opening at 72.18 per greenback.
Along with the decline in global currencies against the dollar and persistent trade tensions a wider current account deficit of India also weighed on the rupee analysts said.
India s current account deficit in the April-June period stood at 2.4 per cent of the gross domestic product (GDP) against 1.9 per cent of the GDP in the January-March quarter of 2017-18 according to data released by the Reserve Bank of India on Friday.
--IANS rrb/anp/bg
