Rupee drops to an all time low of 74.39 versus dollar

On Tuesday, rupee has slipped as low as 74.39 against US dollar. 

This has happened on high crude oil prices and unabated foreign funding outflows. 

Interbank Foreign Exchange made a recovery of 18 paise to 73.88. 

This was possible because of early trade on fresh selling of American currency by banks.

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