Indian Rupee falls to lifetime low against US dollar

Indian Rupee falls to lifetime low against US dollar
Shares

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

The rupee plumbed new lows and stock markets fell deeper over the escalating global trade tensions and warnings of a growth slowdown.

The Indian rupee fell to 74.4850 per dollar levels in early trade, off 0.4 percent on the day. The currency is down more than 14 percent this year, making it the worst performer in Asia.

Asian share markets sank in a sea of red after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe.

More from this category