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.

 

RELATED Sensex recovers over 100 points on value-buying, global cues