Rupee not breaking, it is broken, says Rahul, as currency slips to 73.77

As the Rupee hit a record low of Rs 73.77 against the US dollar, Congress President Rahul Gandhi Thursday said the Indian currency is not breaking, but is "broken".

The rupee collapsed to a fresh low of 73.77 against the US dollar Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.

"Breaking: Rupee slips to 73.77. It's not breaking - it's Broken," Gandhi said on Twitter.

Gandhi on Wednesday hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee.

He tweeted in Hindi that fuel and gas prices are on the boil and there is an outcry in the public and asked till when the prime minister will be on silent mode.