Rupee has slipped to record lows this week due to importer dollar demand.

25 April 2018 04:12 pm

According to currency dealers, the rupee hit a fresh low of Rs.157.40 against US dollar today, surpassing the previous record low of Rs.157.30 recorded on Tuesday.

As per the Central Bank website, as of today, the buying rate of US dollar was Rs.155.26 and the selling rate was Rs.159.04.

According to the Central Bank, the rupee has depreciated 2.3 percent so far this year. It dropped 2.5 percent last year and 3.9 percent in 2016.