Rupee Hits New All-Time Low Of 71.96 Against US Dollar. 10 Things To Know

The dollar strengthened against a basket of currencies overseas as the US economy continued to exhibit strength amid a lingering threat of escalation in the US-China trade conflict, leading to a fall in the domestic unit. According to a Reuters report, Reserve Bank of India (RBI) likely intervened mildly in the forex markets on Wednesday, as the rupee hit a fresh low in line with other emerging market currencies hurt by dollar str...