Rupee hits all time low 73.34 against US dollar
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The rupee had stopped to a new low on Wednesday morning as it reached 73.34 against US dollar. There is a strong demand for US dollar among the importers as they fear of a rising fiscal deficit and that is also pressurizing the domestic currency even more. For last few weeks, the rupee has been setting records for new lows one after another and strategists are struggling to come up with new plans while the losses are accelerating.