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Rupee continue to falls further, now hits 72.35 per dollar

Along with the decline in global currencies against the dollar and persistent trade tensions, a wider current account deficit of India also weighed on the rupee, the analyst said.


IANS
Updated: 10-09-2018 10:59 IST
Rupee continue to falls further, now hits 72.35 per dollar

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Mumbai, Sep 10 (IANS) Continuing its slide, the Indian rupee touched another fresh low of 72.35 on Monday, weakening by 62 paise from its previous close of 71.73 per US dollar.

Around 10.30 a.m., the rupee traded at 72.32 per greenback. It had opened at 72.18 per dollar.

Along with the decline in global currencies against the dollar and persistent trade tensions, a wider current account deficit of India also weighed on the rupee, the analyst said.

India's current account deficit in April-June period stood at 2.4 percent of gross domestic product (GDP), against 1.9 percent of GDP in the January-March quarter of 2017-18, according to data released by the Reserve Bank of India on Friday.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : India