Rupee plummets to lifetime low of 70.09

August 14, 2018 11:22

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.

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. -- PTI

« Back to LIVE

TOP STORIES

Ranneeti: Balakot And Beyond Review: India Shines Again

Ranneeti: Balakot And Beyond veers between intriguing and boring, observes Deepa Gahlot.

'A Faulty EVM Can Be Manipulated'

'The fraud is the electronic voting machine is being manipulated by humans, and not counting the votes that is shown on VVPAT.'

FIRE Your Financial Dreams: Live Life on Your Terms

Are Financial Independence and Early Retirement two opposite ideas? Vatsal Ramaiya illustrates why these are not so in this series that offers a roadmap to living life on your terms.

High Drama As Campaign Ends In TVM!

As the curtain falls on the campaign for the Thiruvananthapuram Lok Sabha seat on Wednesday, April 24, a ringside view of the closing ceremonies.

'BJP murdered democracy in Surat'

'Can you imagine that Surat's voters won't have any say now in exercising their fundamental right to choose a candidate of their own choice? This is what the BJP has reduced India's democracy to.' 'With this ugly act, in one stroke, the...