Rupee Crashes to New Record Closing Low of 74.06 Against US Dollar

Rupee Crashes to New Record Closing Low — The rupee today touched a life-time low of 74.23 (intra-day) after the Reserve Bank of India (RBI) unexpectedly kept the policy rate unchanged.

The Indian currency closed at 74.06 against its previous close (October 5) of 73.76. Forex dealers said the dollar’s strength against major global currencies weighed on the rupee sentiment.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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