Rupee closes at lifetime low of 74.06 against US dollar
Marking its fifth straight session of decline, the Indian rupee slumped 30 paise to close at a fresh lifetime low of 74.06 against the US dollar on Monday. On Friday, the rupee had plummeted by 18 paise to end at 73.76 against the US dollar. This comes after the RBI last week kept the repo rate unchanged at 6.50%.