Rupee At Fresh Record Low! Slumps 37 Paise To 70.47 Against US Dollar

The Indian rupee hit a fresh record low of 70.47 against the US Dollar on Wednesday in the foreign exchange market hurt by a strengthening US dollar amid concerns of a rising current account deficit on the back of higher oil prices. Bloomberg data showed that the rupee slumped to a low of 70.4763 against the greenback in early afternoon deals on Wednesday, falling 36 paise from its Tuesday’s close at 70.10 against the US currency.For more information ✆ +91 9111-179961 or Visit www.dollaradvisory.com