Afternoon D & C Dedicated To Mumbai
Home > Business > Rupee hits fresh low of 72.73 against US dollar

Rupee hits fresh low of 72.73 against US dollar

Wednesday, September 12, 2018

Continuing its slide, the rupee yesterday hit yet another record low of 72.73 against the US dollar, falling 28 paise in late afternoon trade on strengthening American currency as crude oil prices went past the USD 78 a barrel mark.

Besides, unabated foreign fund outflows, sharp plunge in domestic equities with the benchmark Sensex crashing by over 500 points, too, weighed on the domestic unit, dealers said.

The rupee yesterday opened on a positive note by inching 20 paise higher at 72.25 against the US dollar amid increased selling by banks and exporters.

The currency, however, failed to sustain strength and weakened to hit a fresh lifetime low of 72.73, down by 28 paise over its previous closing of 72.45. It breached its previous record low (intra-day) of 72.67 hit Monday.

There were no signs of change in trading preference of foreign portfolio investors who sold shares worth a net of Rs 841.68 crore. Domestic institutional investors (DIIs) also offloaded equities worth a net of Rs 289.66 crore Monday, according to provision data.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
In the year 1987, the burglar along with ...
The absence of any popular wave in seven ...
According to the World Federation for Mental Heal
We are convinced that children need to be educate
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You are likely to remain careful and watchful today, foretells Ganesha. And because you'll be invited to parties and other social events, your enthusiasm will remain buoyant. You will also strike the right balance between business and pleasure, says Ganesha.
- Advertising -
Technology is found everywhere and unlike the vie
The online gaming is upsurging as one of the most
One of the distinctive qualities that we notice i
Read More