Rupee Closes Below 70-Mark For First Time Against US Dollar. 10 Points

INSUBCONTINENT EXCLUSIVE:
for the first time, reported news agency Press Trust of India (PTI)
to a historic intra-day trading low of 70.40 before closing at fresh life-time low of 70.15 per dollar, down by 26 paise or 0.37 per cent
over the previous close, PTI further said
According to traders, Reserve Bank of India (RBI) intervened in the currency market to save the beleaguered currency.Here are 10 things to
know about Indian rupee's movement today:1
According to forex dealers, besides strong demand for the American currency from importers, capital outflows mainly weighed on the domestic
currency.2
A sharp surge in trade deficit too impacted the Indian rupee today
Depreciation of the Turkish lira against the dollar after the US imposed tariffs on steel and aluminium imports also put pressure on the
country's crude oil import bill is likely to jump by about $26 billion in 2018-19 due to the rupee's fall, which could fan inflation
Finance Minister Arun Jaitley on Wednesday said that foreign exchange reserves are comfortable by global standards and sufficient to
mitigate any undue volatility in the foreign exchange market.9
Domestic stock markets closed Thursday's session on a negative note
The SP BSE Sensex tanked 188.44 points, or 0.50 per cent, to end at 37,663.56
The NSE's Nifty50 index tripped 50.05 points or 0.44 per cent to settle at 11,385.05
(With agencies inputs)