(Image source from: Moneycontrol.com)
Rupee Hits All Time Low Of 73.41:- Indian rupee reached all time low in the opening deals this Wednesday with the huge rise in the global crude oil prices. The rupee reached 73.34 a dollar in the early trade after its previous close of 72.91. Markets have been closed yesterday on the eve of Gandhi Jayanthi. The oil prices have seen a substantial rise after USA targetting Iran's petroleum industry. The price of crude oil have been on the top from November 2014.
Rupee has been under pressure from the past few months. Brent crude is now at four-year high levels. The market participants kept an eye on the policy statement of RBI that is due this week. RBI is considering of raising the rates. Rupee opened at 73.24 today after it closed at 72.91 on Monday. Soon it crossed and reached 73.41 today as time progressed.