Rupee falls to fresh record low of 70.64 against dollar
The Indian rupee on Wednesday fell as much as 54 paise to hit a fresh record low of 70.64 against the US dollar. This comes after rating agency Moody's said India may breach 3.3% fiscal deficit target amid higher oil prices. The rupee continued its run as the worst performing currency in Asia weakening over 9.5% so far this year. 