Rupee breaches 72/$ mark for first time
MUMBAI: The Indian rupee breached the 72 per US dollar mark for the first time on Thursday.
Around 1 p.m., the rupee traded around 72.05 per dollar, against Wednesday’s closing of 71.76 per greenback.
According to analysts, the fall in the rupee is due to the Sino-US trade tensions along with high crude oil prices and outflow of foreign funds.
Finance Minister Arun Jaitley on Wednesday said external factors have caused the depreciation of the rupee.