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Rupee slumps 33 paise to close at record low of 74.39

Press Trust of India  |  Mumbai 

The slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar Tuesday on high crude oil prices, strengthening of the greenback and unabated foreign fund outflows.

At the Foreign Exchange (Forex), the made a cautious recovery of 18 paise to 73.88 against the US dollar in early trade on fresh selling of the American by banks and exporters.

However, the domestic failed to sustain the momentum after Brent crude breached the USD 84 per barrel-mark again and the US dollar strengthened overseas.

It finally closed at 74.39 against the US dollar, down by 33 paise, marking its sixth straight session of decline.

On Monday, the domestic unit plummeted by 30 paise to close at record low of 74.06.

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

First Published: Tue, October 09 2018. 17:25 IST
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