Rupee Jumps To Yet Another Record Low Of 71.10 Vs USD

Rupee Jumps To Yet Another Record Low Of 71.10 Vs USD
Rupee Jumps To Yet Another Record Low Of 71.10 Vs USD

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.

-PTC NEWS