Rupee hits record low of 73.34 a dollar on high global crude oil prices

The Indian rupee dropped to a record low in opening deals on Wednesday as a sharp rise in global crude oil prices over the last two sessions weighed on sentiment for the local unit. The partially convertible rupee hit 73.34 a dollar in early trade, an all-time low, and sharply lower than its previous close of 72.91. At 9:05 IST, the rupee was trading at 73.

30. Markets were closed on Tuesday on account of the 150th birth anniversary of Mahatma Gandhi. The benchmark 10-year bond yield was up 6 basis points to 8.05 per cent. Oil.

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