Rupee continues its free fall! Opens at record low of 83.04 against dollar
Image Credit: economic times
The Rupee continued its free fall amid the festive season, hitting record lows again to open the day after plunging past 83 against the dollar. At 83.04, it was accompanied by Asian currencies that lost value over speculation about further rate hikes by the US Federal reserve. Sensex has slipped by 250 points to open in the red as stocks of most sectors registered a dismal performance, while Nifty started the day below 17,500 points.