Rupee hits 72.91, close to lifetime low of 73

Indian rupee
Rupee hit a historic low on Tuesday with the fall: Photo | Reuters

Mumbai: Continuing its downward trend, the Indian rupee hit a new low of Rs 72.91 on Wednesday morning.

The rupee has been on a down slide owing to inflationary pressure and decline among its global peers against the dollar.

Trade sanctions and geopolitical pressures affecting the Asian and West Asian countries has also contributed to the steep fall.

On Wednesday, it opened at a low of 72.78 per dollar, against the previous close 72.69 per dollar.

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