Rupee breaches 72 mark against US dollar to hit new low
The Indian rupee on Thursday breached the 72 mark for the first time against the US dollar, continuing its losing streak against the foreign currency for the seventh consecutive session. The rupee has tanked nearly 11.5% on a year-to-date basis, making it the worst-performing currency in Asia. The rupee had on Wednesday closed at a record low of 71.76.