Rupee closes at fresh record low of 71.76 against US dollar
The rupee today plummeted further against the US dollar to close at a fresh record low of 71.76 a dollar, the sixth consecutive session when the currency fell. This was 0.27% down from Tuesday's close of 71.57. The rupee has weakened 11% this year, while foreign investors have sold $488.60 million and $5.75 billion in equity and debt markets, respectively.