Rupee hits fresh record low of 70.82 against US dollar

by Business | 30-08-2018 | 4565 views

New Delhi: The Indian rupee on Thursday weakend to a new all-time low at 70.82 against the US dollar, after opening at 70.69 in morning trading. Rupee closed at 70.74 a dollar, down 0.20% from its previous close of 70.59. The currency today opened at 70.69 a dollar and touched a fresh all-time low of 70.86 a dollar and a high of 70.59.

According to traders, dollar sale, on behalf of the central bank, pulled the rupee back from the day’s low before it weakened again. So far this year, the rupee has weakened 10.91% against the dollar, making it the worst performing currency in Asia, while India's stock market BSE Sensex has gained nearly 15% since January.

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