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Rupee fall due to external factors: economic affairs secretary

Reuters
A man counts Indian currency notes inside a shop in Mumbai, August 13, 2018. REUTERS/Francis Mascarenhas/Files (Reuters)

NEW DELHI (Reuters) - The fall in the rupee was due to external factors and there was no need to worry at this stage, a senior finance ministry official told television channels on Tuesday.

The external factors were expected to ease, Subhash Chander Garg, economic affairs secretary at the ministry of finance, told reporters.

The rupee hit an all-time low of 70.1 per dollar earlier on Tuesday, as concerns about Turkey's economic woes persisted.

(Reporting by Manoj Kumar; Editing by Sunil Nair)