Rupee Collapses To New Record Low

The Indian rupee collapsed to a fresh record low of 71 against the US dollar for the first time ever by slipping 26 paise today, reported news agency PTI (Press Trust of India). The fall in Indian currency is due to the persistent demand for the US currency amid rising crude prices. Weakness in almost all other Asian peers also gave a boost to the dollar today. Indian rupee was trading at 70.93/94 per dollar and skidded to 71 per dollar in opening deals before recovering slightly on the back of dollar sales by state-run banks. NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile. Subscribe for more videos: https://www.youtube.com/user/ndtv?sub... Like us on Facebook:   / ndtv   Follow us on Twitter:   / ndtv   Download the NDTV Apps: http://www.ndtv.com/page/apps Watch more videos: http://www.ndtv.com/video?yt