Rupee jumps to yet another record low of 71.10 vs USD
The Indian rupee deteriorated suddenly to a new low of 71.10. It lost 10 paise against the US dollar in the late afternoon on Monday.
A sudden upward movement in global oil prices concerns over US-China trade war and contagion risks from Turkey and Argentina are the factors impacting forex market sentiment.
Brent crude oil also moved up by 0.57 per cent 78.08 a barrel.
Also ReaD: Indian Rupee Opens at 68.5650 Per Dollar
Even on August 31, the rupee was recorded low in 71.