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Rupee plummets to lifetime low against US dollar
Jun 28, 2018
12:23 pm
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Rupee opens at Rs. 68.87/USD against Rs. 68.61 earlier
At the interbank foreign exchange market, the rupee opened at Rs. 68.87 a dollar against Rs. 68.61 previously and sank to Rs. 69.10 in morning deals, falling 49 paise. Global oil prices have climbed after the US asked its allies to end all imports of Iranian oil by November. Concerns over supply disruptions in Libya and Canada also pushed prices higher.
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Sensex down by 0.25% today
Forex dealers said higher crude oil prices and a declining rupee are a double whammy for India. Meanwhile, the benchmark Sensex was down by 90.26 points, or 0.25%, at 35,126.85 in early trade today.