Tag: USD

Mumbai : Geo-political pressures, along with outflows of foreign funds and high crude oil prices dragged the Indian rupee to its lowest ever intra-day level of over 70 against a US dollar on Tuesday. On Tuesday morning, the Indian currency plunged to 70.08 -- the lowest ever -- against the greenback. However, a likely intervention by the Reserve Bank of India and stabilisation in the global currency markets pared the rupee's early fall. At the end of the intra-bank trade session on Tuesday, the Indian rupee strengthened by four paise at 69.90...