• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
Oneindia App Download

Indian rupee falls below 60-mark

|
Google Oneindia News

Bangalore, June 27: The Indian rupee today tanked by a massive 105 paise to close at a historic low of 60.71 against dollar on heavy capital outflows and month-end dollar demand from importers, even as RBI intervened to stem the currency's slide.

Indian rupee falls below 60-mark

The Indian rupee resumed lower at 59.74 a dollar from overnight close of 59.66 at the Interbank Foreign Exchange (Forex) market and immediately touched a high of 59.72.

As dollar demand surged, rupee continued to reel under pressure and touched an all-time intra-trade low of 60.76 and finally ended at 60.72, a steep fall of 106 paise or 1.78 per cent. On June 10, 2013, it had tumbled by 109 paise (1.91 pc).

The currency has lost 13% since May, and it could continue to fall unless policy steps to boost the economy are outlined soon.

OneIndia News

(with agency inputs)

For Daily Alerts
Best Deals and Discounts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X