Rupee crashes to life-time low of 69.12 against US Dollar

Updated:2 months, 4 weeks ago IST

Mumbai, Jul 20 (ANI): The Indian Rupee (INR) on Thursday plunged at a historic all-time low of Rs 69.12 against the US dollar. The Indian Rupee had opened lower by eight paise at 68.70 per dollar on July 18. The reason behind such a fall was a fresh 52-week surge in US dollar after the Federal chief's testimony in front of the US Senate assured hikes in interest rates. The Indian Rupee’s (INR) previous all-time low against the US dollar was at 68.10 per dollar on June 28, after it closed at 68.61 on June 27. While maintaining a 19-month low, the Rupee had further depreciated owing to the increase in the international crude oil prices and trade war concern between the United States and China. Rupee recovered from all time low, rising 26 paise to 68.86 today at 1200 hrs

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