The Rupee just hit a new 'low'—here is why your wallet might feel the pinch today.

The rupee opened at Rs 96.31 against the US dollar today. In corporate moves, Maruti Suzuki said it will challenge a Raipur consumer commission order regarding a vehicle replacement. Meanwhile, Tech Mahindra bought a 20 percent stake in Tech Mahindra Arabia for Rs 206.2 crore to grow its business reach.