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  Business   Economy  14 Aug 2018  Rupee fall due to external factors: Economic Affairs Secretary

Rupee fall due to external factors: Economic Affairs Secretary

REUTERS
Published : Aug 14, 2018, 12:36 pm IST
Updated : Aug 14, 2018, 12:36 pm IST

The rupee hit an all-time low of 70.1 per dollar earlier, as concerns about Turkey’s economic woes persisted.

 The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar. (Photo: AP)
  The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar. (Photo: AP)

New Delhi: The fall in the rupee was due to external factors and there was no need to worry at this stage, a senior finance ministry official told television channels on Tuesday.

The external factors were expected to ease, Subhash Chander Garg, economic affairs secretary at the ministry of finance, told reporters.

The rupee hit an all-time low of 70.1 per dollar earlier on Tuesday, as concerns about Turkey’s economic woes persisted.

Tags: rupee, subhash chander garg, dollar, finance ministry
Location: India, Delhi, New Delhi