INR vs USD: On Friday, the rupee rose 26 points to close at 71.76 against the dollar.
The rupee collapsed to hit a new low of 72.67 against the US dollar today, reported news agency Press Trust of India (PTI). The fall in the rupee is due to widening trade deficit and strong demand for the US currency from importers as the greenback strengthened against other currencies overseas on upbeat US jobs data, forex dealers were quoted as saying in a report by PTI. The domestic currency opened at record low of 72.15 a dollar from its previous close of 71.73. It breached its previous record low of 72.11 hit on September 6.