Rupee slumps to all-time low of 73.76 as RBI holds rate

The rupee skidded by 18 paise to finish at a fresh lifetime low of 73.76 against the US dollar Friday after the RBI unexpectedly kept the policy rate unchanged.

Rupee slumps to all-time low of 73.76 as
The domestic unit crashed below the 74-mark for the first time ever in intra-day trade on persistent capital outflows and high crude oil prices. Image Source: Reuters

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