Indian Rupee hits lowest level of history against US dollar

Indian Rupee hits lowest level of history against US dollar
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MUMBAI - The Indian Rupee has hit the lowest level of history against US dollar.

The rupee link

hit a new record low of 74.27 against the US dollar link

in afternoon trade Tuesday after Brent crude link

breached the $84 a barrel-mark again and the American currency strengthened overseas.

Moreover, unabated foreign fund outflows weighed on the rupee, traders said.

At the forex link

market, the domestic unit opened higher at 73.93 and advanced to 73.88 on fresh selling by exporters amid weakness in dollar against some currencies overseas.

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