Rupee breaches 74-mark against US dollar for first time

New Delhi, News Nation Bureau | Updated : 05 October 2018, 03:14 PM

The rupee breached the historic low of 74-mark for the first time against the US dollar on Friday at the forex market despite the government's steps to stem a steep fall in the currency.

Forex market didn’t like the Reserve Bank of India’s move to keep repo rate unchanged at 6.50%. The six-member monetary policy committee of the Reserve Bank of India on Friday refrained from increasing the repo rate, the short-term lending rate.

(Details are awaited)

First Published: Friday, October 05, 2018 03:14 PM

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