Rupee trends closer to 73, hits 72.91/$

Continuing its downward trend, the Indian rupee hit a new low of Rs 72.91 on Wednesday morning.

The rupee has been on a downslide owing to inflationary pressure and decline among its global peers against the dollar.

On Wednesday, it opened at a low of 72.78 per dollar, against the previous close 72.69 per dollar.