Mumbai, September 6: The rupee has slipped below the 72 mark for the first time today even as US dollar eased a bit in global markets. This is yet another historic low against the dollar. The rupee has depreciated by almost 3.3 percent in August and is down by 11 percent since January. Reportedly, the Indian rupee is one of the worst performing major emerging market (EM) currencies in 2018 and the worst in Asia-Pacific.

The Indian currency has slipped not only in comparison with the dollar, but also against other major currencies. Rupee on a Free Fall Against Dollar! Here is How the Indian Currency Stands in Comparison to Its Neighbours.

The rise in crude oil prices, an increase in Current Account Deficit are acting as major dampeners. The Central Bank has also not intervened aggressively to take control over the issue and as a result of which, the rupee in a short span of time has travelled from the mid-68 range to 72 a dollar.

(The above story first appeared on LatestLY on Sep 06, 2018 01:18 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).