The Indian rupee hit a new record low of 70.17 on Tuesday. EM currencies continue to take a beating, courtesy of turmoil in Turkey. The USD/INR breached the psychological mark of 70.00 and jumped to a lifetime high of 70.17 on Tuesday. The analysts are associating the sell-off in rupee with the turmoil in Turkey and the resulting sell-off in the emerging market currencies. The Indian rupee has depreciated by 9.6 percent on a year-to-date basis and is one of the weakest performing Asian currencies this year. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: Weak economic data releases – TDS FX Street 5 years The Indian rupee hit a new record low of 70.17 on Tuesday. EM currencies continue to take a beating, courtesy of turmoil in Turkey. The USD/INR breached the psychological mark of 70.00 and jumped to a lifetime high of 70.17 on Tuesday. The analysts are associating the sell-off in rupee with the turmoil in Turkey and the resulting sell-off in the emerging market currencies. The Indian rupee has depreciated by 9.6 percent on a year-to-date basis and is one of the weakest performing Asian currencies this year. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
