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            <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p></p><h4>Guwahati, October 4, 2018:</h4><p><span>The rupee hits a new all-time low of 73.77on Thursday, against the US dollar, as global oil price continues to increase. The morning half saw a 44 paise drop in the local currency against the US dollar, which was 43 paise till yesterday.</span></p><p>Concerns about the Current Account Deficit (CAD) and capital outflows are deepening as the oil prices kept raising regularly. There has been <span>a continuous demand for dollar, mainly by the oil refiners, which also kept the rupee under pressure.</span></p><p></p><div class="yj6qo ajU"><p></p><div id=":1dn" class="ajR" tabindex="0" role="button" aria-label="Hide expanded content" data-tooltip="Hide expanded content"><p><span>The state-owned oil marketing companies have been allowed to raise $10 billion from overseas market to meet their working capital needs. However, they are not allowed to raise external commercial borrowing (ECB) on a long-term basis.</span></p><p>The oil marketing companies can only lift up a maximum of one-year overseas loan through buyer’s credit. They need to repay the loan within 12 months and raise it again.<amp-img  src="https://ssl.gstatic.com/ui/v1/icons/mail/images/cleardot.gif" alt="" height="425" width="650" layout="responsive"></amp-img></p><p> </p><p></p></div><p></p></div></div>
      

National


            <div class="text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p></p><h4>Guwahati, October 4, 2018:</h4><p><span class="im">The rupee hits a new all-time low of 73.77on Thursday, against the US dollar, as global oil price continues to increase. The morning half saw a 44 paise drop in the local currency against the US dollar, which was 43 paise till yesterday.</span></p><p>Concerns about the Current Account Deficit (CAD) and capital outflows are deepening as the oil prices kept raising regularly. There has been <span class="im HOEnZb adL">a continuous demand for dollar, mainly by the oil refiners, which also kept the rupee under pressure.</span></p><p></p><div class="yj6qo ajU"><p></p><div id=":1dn" class="ajR" tabindex="0" role="button" aria-label="Hide expanded content" data-tooltip="Hide expanded content"><p><span class="im HOEnZb adL">The state-owned oil marketing companies have been allowed to raise $10 billion from overseas market to meet their working capital needs. However, they are not allowed to raise external commercial borrowing (ECB) on a long-term basis.</span></p><p>The oil marketing companies can only lift up a maximum of one-year overseas loan through buyer’s credit. They need to repay the loan within 12 months and raise it again.<img class="ajT" src="https://ssl.gstatic.com/ui/v1/icons/mail/images/cleardot.gif" /></p><p> </p><p></p></div><p></p></div></div>
      

Rupee hits a new all-time low of 73.77 against USD

Guwahati, October 4, 2018:

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Rupee hits a new all-time low of 73.77 against USD

Guwahati, October 4, 2018:

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