Rupee closes at fresh low of 74.07 against US dollar

Mumbai, Oct 8: The Indian rupee ended Monday's session on a fresh closing low of over 74 to a US dollar.The Indian rupee closed at 74.07 (74.0650) per US dollar, 30 paise weaker than its previous close of 73.77.It opened the day's trade at the Inter-Bank Foreign Exchange Market at 73.96 against the greenback.

A fall in global equities boosted demand for the dollar as investors rushed for safety. The dollar rose 0.3 per cent against a basket of major currencies, edging towards a 14-month high hit in mid-August.