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Rupee at fresh low •

Nepali currency has come under pressure in recent months owing to the devaluation of the Indian rupee with which it is pegged.

The Indian rupee plumbed record lows as global oil prices rose and stocks and bonds weakened on Thursday, heightening speculation that the Reserve Bank of India may hike interest rates on Friday more aggressively than earlier expected, Reuters reported.

The partially convertible Indian rupee hit a life low of 73.82 per dollar before recovering to 73.62/63 by 0710 GMT. It had closed at 73.3350 on Wednesday.

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