The rupee closes against the US dollar at a record low of 94.05
In terms of interbank foreign exchange, the local currency began trading at 93.94 versus the US dollar and fluctuated between 93.86 and 94.08 before reaching an all-time low of 94.05 (provisional), down 29 paise from its previous closing. Heavy FII withdrawals and simmering tensions in West Asia had investors on edge as the rupee fell … Read more