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  Rashtriya Sahara Roznama Sahara
Rupee devalues to record low near 70.20
Last Updated : 16 Aug 2018 12:21:55 PM IST
Rupee devalues to record low near 70.20 (File Photo)
Rupee devalues to record low near 70.20 (File Photo)

 

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
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