September 4, 2018 / 10:14 AM / in 2 months

Indian rupee hits fresh low of 71.54 versus dollar

A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas

MUMBAI (Reuters) - The Indian rupee continued its decline in afternoon trade on Tuesday, hitting a fresh low, as it fell in line with other emerging market currencies as broad dollar strength and simmering trade tensions put pressure on risk assets.

The partially convertible rupee was trading at 71.52/53 per dollar at 0958 GMT versus its previous close of 71.22/23. The unit touched a life low of 71.54 a little earlier.

Reporting by Swati Bhat; Editing by Sunil Nair

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