Rupee breaches 70/$-mark, touches an all-time low of 70.08
Tuesday,
14-Aug-2018
11:01 AM (IST)
The Indian rupee on Tuesday touched an all-time low, breaching the psychological mark of 70 per US dollar. It touched an all-time low of 70.08 to the US dollar. The currency had opened marginally higher at 69.85 against the greenback on Tuesday morning. Analysts have attributed the weakness in Turkish lira as one of the key reasons for rupee to be under pressure. This has strained emerging market currencies such as India. Prior to this, the currency ended 110 paise lower at 69.9325 on Monday against its Friday's close of 68.88, which was a biggest single session decline against dollar.
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