However, it later clawed back some gains as the struggling tender reached 73.67.
"However, if oil comes down to $75 a barrel, then the rupee is expected to retract significantly against the greenback", he noted. "It's not breaking - it's Broken", Gandhi said on Twitter.
The decline steepened in recent weeks as rising crude price - India imports two-thirds of its oil needs - and a sell-off by investors in emerging markets cranked up the pressure on the country's external balances.
The macroeconomic problems resulting from a depreciating rupee are not Prime Minister Narendra Modi's only concerns. "Till when will the 56-inch chest be on "silent mode", he tweeted and asked what happened to the promise of "achche din". Indonesia's central bank governor stressed the need to raise interest rates before the Fed to avoid "drastic" capital outflows in the wake of a heavily flagged Fed hike in December.
The bank are predicted to act to tackle rising U.S. interest rates, capital outflows from emerging markets and India's weakening balance of payments and current account deficit.
"On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) chose to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent", RBI said in a statement on Friday.
India now imports more than two-thirds of its oil needs.
She said: "For bond markets, a 25 bps hike accompanied by a hawkish stance could trigger the 10-year bond yield to rise to 8.25 percent". The rupee has been performing poorly for the past few months and the rise in repo rate is seen as an attempt by the RBI to curb further price fall.
Oil prices firmed near the highest level in nearly four years on expectations of a tighter market once USA sanctions on Iran are effective next month.
Gabriel trapped his opening partner Rahul in front with a sharp incoming delivery to give the West Indies an early breakthrough. According to Cricbuzz, coach Stuart Law has shown vast faith in the two young pacers: Keemo Paul and Sherman Lewis.
Both teams have the makeup of a Super Bowl roster and are led by head coaches who know how to get the best out of their players. Completing 26 of 43 throws, Goff ended Thursday's 38-31 win over the Vikings with a flawless passer rating of 158.3.
And when Messi made it 4-2 in the 90th minute, it was Suarez once again whose dummy created space for Barcelona's No.10 to score. Tottenham Hotspur have a big game coming up in the Champions League when they host La Liga giants FC Barcelona .
Napoli coach Carlo Ancelotti was delighted to see his tactics come off in victory over Champions League opponents Liverpool . Liverpool were also handicapped by an injury to Guinean midfielder Naby Keita inside the first 20 minutes.
Barca have wobbled domestically lately with two draws and a defeat, to bottom side Leganes, in their last three matches. We are not victims, though. "The circumstances this season are so tough", said Tottenham manager Pochettino.
The report says Dudley denied throwing a glass at Cozzolino, while Kavanaugh did not want to say whether or not he threw the ice . In fact, the one person in a prime position to know the most about Kavanaugh's drinking and its impact says it never happened.
The Senate confirmation hearing is not a trial, noted Mitchell, but she said she provided her assessment based on a legal context. Here's something you might not expect to enter a conversation about Supreme Court nominee Brett Kavanaugh: The band UB40.
Colorado's bats never came alive against Buehler while Marquez allowed four runs (two earned) in 4 2/3 innings on the mound. Chicago hit back to level in the fifth inning when Anthony Rizzo blasted a solo home run into right field to make it 1-1.
Democrats previously had demanded an Federal Bureau of Investigation probe, but Trump and other Republicans had opposed the move. President Donald Trump said during a Rose Garden press conference that he wants the FBI to do a comprehensive investigation.
US Senate braces for key vote on embattled court nominee
The price of locking in a conservative Supreme Court majority for decades may be loosing control of Congress this November. Earlier, the FBI delivered the results of its investigation on the sexual assault allegations to United States senators.
More photos of Melania Trump’ s visit to Ghana
Emintsimadze Palace, in Cape Coast, named after the former President of the United States, after his visit to the Palace. She also donated a phototherapy machine used for treating complications of jaundice in newborn babies, to the hospital.
Surfer dies after contracting deadly brain-eating amoeba
The Centers for Disease Control and Prevention said contaminated water can enter through the nose and pass through the body. A 29-year-old surfer died from what is commonly known as a "brain-eating amoeba" after visiting a resort in Waco, Texas .
Rockies win NL Wild Card thriller
Maddon tore through his entire position-player roster and used three of his four postseason starting pitchers in this game. Following batting practice Tuesday night at Wrigley Field, a anxious Joe Maddon offered these words to The Post.