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Indian Rupee hits lowest level of history against US dollar

Indian Rupee hits lowest level of history against US dollar

MUMBAI – The Indian Rupee has hit the lowest level of history against USdollar.

Therupee link

hit a new record low of 74.27 against theUS dollar link

in afternoon trade Tuesday afterBrent crude link

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

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

At theforex link

market, the domestic unit opened higher at 73.93 and advanced to 73.88 onfresh selling by exporters amid weakness in dollar against some currenciesoverseas.