New low: Rupee@71, these people feel the pain

On Friday Rupee breached the 71-mark for the first time against the dollar, hitting a fresh low. The weakening of the rupee over the last few days has been attributed to month-end dollar demand from importers, the pressure being on currencies by Turkish lira and Chinese offshore yuan and rally in crude oil.

from Times of India https://ift.tt/2N4ajUs