Rupee sinks 43p to end at life-time low of 69.05
Mumbai, July 19
The rupee on Thursday took a hard 43-paise knock to close below the 69 level for the first time at a historic low of 69.05 against the US currency as upbeat comments on the US economy by the Federal Reserve chairman drove the greenback to one-year high levels higher against global currencies.
This is the biggest single-day fall since May 29 and goes hand in hand with a stronger US dollar.
The domestic currency suffered a major setback as forex sentiment turned wobbled once again with a resurgent dollar and a slew of local issues sparking jitters among investors. — PTI
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