Mumbai, October 4: The rupee has slipped to a new low today by opening at 73.77 against the US dollar. The currency has plunged 43 paise against the US dollar. The reason behind the fall can be attributed to the rising global oil prices and unabated capital outflows. The Sensex is currently trading at 35,467, down 500 points, 1.41 percent. The BSE index slipped to a 3-month low on Wednesday. Investors almost Rs 1.79 lakh crore wealth have got wiped out as the market capitalisation of all the BSE-listed companies plunged to Rs 143.64 lakh crore from Rs 145.43 lakh crore.

Reportedly, the Indian rupee is one of the worst performing major emerging market (EM) currencies in 2018 and the worst in Asia-Pacific. Rupee on a Free Fall Against Dollar! Here is How the Indian Currency Stands in Comparison to Its Neighbours.

On Wednesday, the Indian currency has breached the 73 mark for the first time. The petrol price hit the Rs 84 per litre mark in Delhi on Thursday, and diesel price crossed Rs 80 per litre mark in Mumbai as fuel rates continued to soar on Thursday. Petrol and diesel prices saw an increase of 15 and 20 paise respectively in the national capital. In Mumbai, petrol price was hiked by 14 paise and diesel 21 paise. Talking about the domestic market, all eyes will be on the RBI policy statement that is expected to come this week.

(The above story first appeared on LatestLY on Oct 04, 2018 09:41 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).