• search
For Quick Alerts
For Daily Alerts

Indian Rupee at fresh record low, now at 73.33 versus the US dollar


New Delhi, Oct 3: The Indian rupee opened at all time low 73.24 per dollar on Wednesday as it crossed 73 for the first time.

Indian Rupee now at 73.33 versus the US dollar

It has opened lower by 33 paise versus Monday's close 72.91.

Traders were concerned that a rise in US interest rates and expensive oil could lead to fiscal slippage, increase inflationary pressures and raise the chances of the Reserve Bank of India (RBI) increasing interest rates in its monetary policy review later this week.

Rupee continued to remain under pressure and today is expected to open at fresh record low levels following sharp surge in global crude oil prices. Brent crude is now at four-year high levels on worries that global supplies will drop due to Washington's sanctions on Iran, said Motilal Oswal.

Meanwhile, the benchmark Sensex rose 0.36% to 36,656.91 points on Wednesday. Year to date, it has gained 7.25%.

So far this year the rupee has declined 12.07% and foreign investors have sold $2.01 billion and $7.11 billion in the equity and debt markets, respectively.

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more