Indian Rupee Breaches 70 Mark Against US Dollar
The Indian Rupee on Tuesday hit a record low breaching the Rs 70 mark against the US dollar in opening trade. On Monday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the
Indian Rupee weakened against the US Dollar. It opened at 68.51 a dollar and touched a high and a low of 68.49 and 68.71, respectively.
Reserve Bank of India (RBI) became net seller in April, after it sold USD 2.483 billion of the US currency in the spot market, according to its data.
During the reporting month, the apex bank bought USD 5.536 billion of dollars from the spot market, while it sold USD 8.019
Indian Rupee slides against US Dollar. U.S.$/INR May Futures Up 0.55% At 67.77/$ From Previous Close Of 67.39/US$.