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News X: Rupee at an all time low

2019-03-01 0 Dailymotion

The rupee extended losses past 64 to a dollar on continued concerns about how India will fund its current account deficit in case fund flows taper out of emerging markets.

Besides, melting domestic stock market and dollar's strength against major currencies overseas on expectation that the Federal Reserve will soon taper its bond-buying programe weighed on the domestic unit, dealers said.

The BSE benchmark Sensex today tanked over 325 points to dip below 18,000 level in the early trade on sustained selling.

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