INSUBCONTINENT EXCLUSIVE:
The rupee is down over 14% against the American currency so far this year
The rupee plunged further
against the US dollar, to close 46 paise lower at a record 72.97 on Tuesday
That marked a fresh all-time closing low registered by the rupee against the greenback
Extended weakness in the rupee came on the back of rising crude oil prices and concerns on the intensifying US-China trade war front
The government had the previous day reiterated that global phenomena occurring owing to squeeze on oil production and the US-China trade war
led to rupee depreciation
Analysts say that the measures announced by the government last week to support the rupee were particularly underwhelming for market
