Indian Rupee plunges 26 paise; hits 71-mark against US dollar

Forex dealers reportedly said that besides robust month-end demand for the US currency from oil importers, dollar's strength against its rival currencies on expectations of rising interest rates amid lingering Sino-US trade tensions, weighed on the domestic currency.

Indian Rupee plunges 26 paise; hits 71-mark against
In opening trade today, Indian rupee slumped to a fresh record low of 71 against the dollar for the first time ever by falling 26 paise on persistent demand for the US currency. Image source: Reuters

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