Rupee records low at 73.34 versus USD

Rupee records low at 73.34 versus USD


Mumbai, Oct 3: The Rupee on Wednesday recorded low at 73.34, for the first time, slumping by 42 paise on brisk demand for greenback from importers, amid rising global oil prices and unabated capital outflows.

In opening trade, the Indian currency slid by 31 paise to 73.23. Till the end of the session, it tumbled down further by 42 paise to end negative at 73.34, against the greenback, as compared to its last close.

It has touched a record low of 73.41 in the morning trade, while it saw some recovery during the day after it opened lower at 73.24 against Monday's close of 72.91 per dollar.

According to IFA Global currency report, higher crude prices would continue to weigh on domestic bonds and the rupee. The next domestic trigger would be the tone of the RBI policy on Friday. (PenNews with input from UNI)