Advertisement

Rupee plummets to historic low of 70.09

02:07 PM Aug 14, 2018 | Team Udayavani |

Mumbai: Rerversing all its early gains, the rupee today collapsed to a life-time low of 70.09 against the US dollar, falling 16 paise amid fears that Turkish economic crisis could lead to a global financial meltdown. 

Advertisement

The ongoing currency turmoil in Turkey has dampened investors’ sentiments globally. Investors are turning to dollar as safe haven with Turkeys currency lira crisis continuing since the last week.

Yesterday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.93 against the US currency.

Advertisement

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Next