Ripples Advisory, Rupee crashes to all-time low of 69.03/dollar
The rupee fell to an all-time low against the US dollar in early trade on Thursday, tracking Asian peers, with weakening macro-economic fundamentals on the domestic front also weighing on the currency.
The partially convertible rupee was trading at a lifetime low of 69.03/04 against the dollar by 0355 GMT. The unit had closed at 68.65/66 per dollar on Wednesday. The rupee had touched its previous record low of 68.8650 per dollar on November 24, 2016.
Traders said they were hopeful the central bank would step in to prevent further losses in the currency.
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