Indian Rupee at record low against USD, breaches 79 mark for the first time
New Delhi : The Indian Rupee has breached the 79 per dollar mark for the first time on Wednesday; this is the all-time low amid worries of inflation and rising oil prices in the market.
The rupee fell by approximately 18 paisa on Wednesday to register a record low of 79.03 per dollar. The Wednesday trade began at 78.86 against the greenback, then lost ground to end provisionally at 79.03
During the trading session, the value of Rupee had gone down to 79.05, but recovered .02 by the end of session.
On Tuesday, the rupee had plunged by 48 paise to close at a record low of 78.85.