Rupee touches new low! Currency crosses 90 level mark against US dollar – Why is it important?
Rupee has extended its downward momentum on Wednesday, falling 9 paise to hit its lowest level of 90.05 against US dollar in early trade. This comes after the currency had already recorded a dip of 42 paise to close at 89.95 against the US dollar, on Tuesday.According to VK Vijayakumar, chief investment strategist at Geojit…