The Indian rupee collapsed below the 72-level for the first time ever against US dollar today, reported news agency Press Trust of India (PTI). The domestic currency slipped 37 paise to trade at 72.12 against the US currency in afternoon trade. The fall in Indian currency is due to the persistent global headwinds and concerns on macroeconomic front. Investors remained concerned over sustained foreign capital outflows and widening current account deficit in the wake of soaring crude oil prices. The Reserve Bank of India (RBI) was not spotted intervening after the rupee pierced the 72 level, according to a Reuters report.
Rupee Breaches 72 Mark To Hit Lifetime Low Against US Dollar: Key Things To Know
Rupee Breaches 72 Mark To Hit Lifetime Low Against US Dollar: Key Things To Know
Last edited: