Rupee closes at all-time low of 72.97 a dollar on Tuesday
The Indian rupee on Tuesday closed at a new lifetime low of 72.97 against the US dollar, down 46 paise against the previous close. The home currency was pressured by rising crude oil prices and intensifying US-China trade war. US President Donald Trump has slapped a 10% tariff on about $200 billion worth of Chinese imports beginning next week.