Rupee suffers biggest fall in six years against US dollar: 5 points1 min read 05 Aug 2019, 11:39 AM IST
Rupee fell sharply against US dollar, tumbling past 70.50 levels against the USD
Global currency market has been thrown into turmoil after China's move to sharply devalue it yuan
The Indian rupee (INR) suffered sharp losses against the US dollar (USD) today amid a turmoil in both global equity and currency markets. The rupee fell to 70.74 against the US dollar, as compared to its previous close of 69.60 a dollar - its biggest one-day fall in nearly six years. Throwing the global currency market into turmoil, China today let its currency yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade.
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