Indian Rupee slips 42 paise to US$ 72.08
Mumbai, Aug 26 (PTI) The rupee on Monday declined by 42 paise to 72.08 against the US currency in early trade, due to strong dollar demand from banks and importers amid unabated foreign fund outflows
Forex trader said the local unit came under pressure after the latest escalation of the US-China trade war
Meanwhile, on Monday, China's currency slid to its lowest point in over 11 years amid concerns over global recession and the US trade war
The onshore yuan fell to 7.1487 to the US dollar, its weakest point since early 2008, in Asian trading.
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