Rupee Hits New Lifetime Low Of 72.73 Against US Dollar

The rupee hit a new record low of 72.73 in late afternoon trade on Tuesday, as it dropped 28 paise against the US dollar, reported news agency Press Trust of India (PTI). However, in early trade the rupee rose as much as 15 paise against the US dollar. Crude oil prices went past the USD 78 a barrel mark. Unabated foreign fund outflows and sharp plunge in domestic equities also weighed on the rupee, dealers were quoted as saying in th...