India's rupee hits record low against the dollar

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India's rupee hits record low against the dollar

NEW DELHI: India's rupee hit a new record low of 72 to the dollar as emerging market currencies suffered more losses.

The under-pressure currency of Asia's third-largest economy slid to 72.12 to the greenback in afternoon trade.

The rupee has steadily fallen by about 10 percent throughout 2018, after starting the year at 63.67.

Last month it crossed 70 for the first time as India was buffeted by the turbulence of the Turkish financial crisis.

APP/AFP