RUPEE HITS RECORD LOW OF 73.34 AGAINST US DOLLAR:

The Rupee Touched a record low of 73.34 against US dollar .

               
         Rising Crude oil price impacted Forex market sentiment.oil prices were firm on Wednesday on expections of a tighter market once US sanctions start targeting Irans Petroleum Industry from next month , although a strong dollar and rising US crude supply curbed gains .

        he Rupee opened lower at 73.26 and weakened further to quote at 73.34.a dollar against its previous closing of  72.91 on Monday.

       Forex market remained closed on Tuesday for the reason of Gandhi jayanthi.Meanwhile ,the BSE benchmark sensex dropped by 137.62 points to 36,388.52 in opening trade Wednesday.

Sajal Gupta,Head Forex and Rates,Edelweiss securities Ltd:

           Sajal Gupta ,Head and Rates Edelweiss Securities Ltd said, "Market has not reacted positively to steps taken by government for stability in Rupee as they were perhaps not strong enough to address the key issu of short term demand.market is reacting strongly to brent crude movements and with current pace 75 can likely be seen if crude touches 88 to 90 levels."