Rupee slips to a new low; touches 71.75 dollar

Mumbai: The Indian rupee plunged to a fresh record low of 71.75 to a dollar during the morning trade session on Wednesday.

Around 10.40 a.m. the Indian rupee traded at 71.75 to a dollar — the lowest ever mark — it has touched against the greenback.

It opened the day’s trade at the Inter-Bank Foreign Exchange Market at 71.44 to a dollar from its previous close of 71.58 to a greenback.