Mumbai, March 7: The Indian rupee hit a lifetime low of 76.96 in early trade today as a sharp surge in global crude oil prices threatened to push up inflation and widen the country’s trade and current account deficits.
The partially convertible rupee was trading at 76.92, after touching 76.96, its weakest level ever. It had closed at 76.16 on Friday.
The benchmark 10-year bond yield was trading at 6.86%, up 5 basis points on the day.
