By: Radhakrishna N S
Indian Rupee (INR) tumbled to its historic low of Rs 70.09 against US dollar (USD) following a weak trend in the international currency market. INR touched its bottom as investors feared that continuing bearish trend in lira may result in a global currency turmoil as Turkish currency, lira recorded a 45 per cent drop against USD this year. With a bearish trend in the Indian currency, the investors treating USD as a safe haven for their investment. INR was seen trading at Rs 69.92 against USD as of 09.00 GMT on Tuesday (14). Lira has tumbled about 45 per cent…
You do not have access to this content. You need to subscribe.