Rupee touches all time record low of 70.08

Updated:3 months ago IST

New Delhi, Aug 14 (ANI): After opening at a marginal high of 69.85 against the US Dollar, the Indian rupee on Tuesday touched an all-time low of 70 per US dollar. The currency touched an all-time low of 70.08 against the US dollar, while marking depreciation of around 10 percent in 2018 so far. The fall in rupee was mainly impacted by drop in Turkish Lira, which helped the US dollar to gained strength on the back of fears that economic crisis in Turkey could spread to other global economies, reported the moneycontrol. However, on Monday the currency ended 110 paise lower at 69.93 against Friday's close of 68.83. After a week, the Sensex rose over 150 points, while the Nifty reclaimed 11,400-mark. Stocks like Axis Bank, UltraTech Cement and GAIL gained on the charts, while L&T, TCS and UPL traded in red.

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