Rupee breaches 70 per dollar mark as Turkey concerns persist

Tue Aug 14 2018
Ramesh Sridharan (935 articles)

MUMBAI (Reuters) – The rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as concerns about Turkey’s economic woes persisted.

The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.

The 10-year benchmark bond yield inched up to 7.82 percent after staying muted in early trade.

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai