After hitting a fresh record low of 73.81, rupee recovers to 73.74 levels

The domestic currency on Wednesday closed at a record low of 73.34, down by 43 paise or 0.59 per cent at the interbank foreign exchange.

After plunging to a fresh record low of 73.81, the domestic currency recovered 7 paise later in the day to trade at 73.74 against the US dollar.

Earlier, in the day the domestic unit
slipped past the crucial 73.50 levels to open at 73.70 against the US dollar. 

The domestic currency on Wednesday plunged by 43 paise to breach the historic low of 73 level as soaring crude oil prices fuelled worries over capital outflows and widening current account deficit. The domestic currency closed at a record low of 73.34, down by 43 paise or 0.59 per cent at