Indian Rupee hit new low of 74.27 against US Dollar

ONI Bureau:  The Indian rupee hit all-time low of 74.27 against US dollar during the mid-afternoon session on Tuesday.

It opened the day’s trade at 73.85 against a USD from its previous close of 74.06 yesterday.

The experts claimed that consistent dollar demand from importers following higher crude oil prices, made the rupee under pressure.