Rupee hits record low of 69.01 against US dollar

Finance

Rupee hits record low of 69.01 against US dollar

NEW DELHI : In a market fraught with uncertainties Indian currency rupee on Thursday opened at an all-time low of 68.89 against the US dollar .at the NSE -0.21 %. It further lost ground to breach the 69 level for the first time.

Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices kept the rupee under pressure.

After this, the domestic unit on Wednesday plunged by 37 paise or 0.54 per cent to settle at a 19-month low of 68.61 against the US dollar as growing crude oil prices increased fears of a wide ..

(Agencies)

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