Home ECONOMY Rupee breaches 72/$ mark for first time

Rupee breaches 72/$ mark for first time

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

Around 1 p.m., 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 on Wednesday said external factors have caused the depreciation of the rupee. (IANS)