Rupee touches fresh all-time low at 71.79
Mumbai, Sept 4 (IBNS):Continuing its rapid fall,the Indian rupee touched a fresh all-time low of 71. 79 against the US dollar, falling 21 paise in late morning deals on Wednesday, reports said.
The fall is being attributed to a sudden surge in dollar-buying by banks and importers.
At the beginning of the day the Indian currency gained 15 paise a 71. 43 against Tuesday's closing level of 71.58 a dollar, which, however, could not be sustained.
The rupee had settled at 71.21 on Monday.
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