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Inflationary risks depress rupee; touches new low of 72.74

IANS  |  Mumbai 

Inflationary risks along with broadly negative global cues depressed the Indian to a new low of 72.74 to the US during late afternoon session on Tuesday.

At 3.35 p.m. the traded around 72.64 per dollar, against the previous close of 72.45 per at the Inter-Bank Foreign Exchange Market.

According to analysts, expectations of higher overall rate, growing protectionism in global trade and an increasing outflow of foreign funds from the country's equity market have subdued the Indian

--IANS

rrb-rv/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 11 2018. 15:52 IST
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