Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
The rupee touched a low of Rs 60.34 breaching previous all-time intra-day low of Rs 59.98 hit last week.
At 3:15 pm, the rupee was trading at Rs 60.25 compared with previous close of Rs 59.65 per dollar. It had opened at Rs 59.73 per dollar. According to dealers the Reserve Bank of India (RBI) did intervene, but due to heavy dollar demand despite the intervention, the rupee weakened.
Nifty closed at 5581.40 down by 27.70%, Sensex broke 109.33% down at 18519.82
The rupee touched a low of Rs 60.34 breaching previous all-time intra-day low of Rs 59.98 hit last week.
Nifty closed at 5581.40 down by 27.70%, Sensex broke 109.33% down at 18519.82
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