Rupee dips to fresh record low of 72.57 per dollar

Rupee vs Dollar: The Indian currency has been weakening for the past few weeks in line with fall in the global currencies against the dollar

The Indian rupee opened at a fresh record low of Rs 72.18 on Monday, against the previous close of 71.73 per US dollar. (PTI)

Rupee vs Dollar:  The Indian rupee has recorded a fresh low of Rs 72.57 on Monday, against the previous close of 72.18 per US dollar. The Indian currency has been weakening for the past few weeks in line with fall in the global currencies against the dollar and amid continued trade tensions between the US and China. The rupee had hit the Rs 72 per dollar mark for the first time on September 6. The Congress Friday hit out at Prime Minister Narendra Modi, asking whether petrol prices would hit the century mark under his government and if the rupee was in hospital. Congress spokesperson R P N Singh said all political parties will take to the streets to protest against the rising prices of petrol and diesel that are hitting the common man hard and questioned the prime minister's silence on the issue. He said the September 10 'Bharat Bandh' protest is "not of the Congress but of the common man". "The prime minister during the UPA's tenure had said that the rupee is in hospital. The rupee has touched an all-time low against the US dollar, where is the prime minister now? He is neither tweeting nor giving any speech. "Never has the rupee touched such low levels in the history of the country. The country wants to ask him why is he silent? Is the rupee in hospital today?" he asked. Singh alleged that this government has failed on all fronts, including "economy, employment, welfare of the youth, farmers and every section of society".