Rupee breaches 72/$ mark for first time

Mumbai: The Indian rupee breached the 72 per US dollar mark for the first time Thursday.

Around 1 pm, 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 Wednesday said external factors have caused the depreciation of the rupee.