| Date: |
31-07-2013 |
| Subject: |
Rupee slide continues, falls below 61 against the dollar |
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The rupee on Wednesday breached the 61-mark again by falling 60 paise to 61.07 against the dollar in early trade at the Interbank Foreign Exchange market, on heavy month-end demand for the US currency amid growth concerns.
Besides, dollar firming up against other currencies in overseas markets ahead of the US Fed concluding its policy meeting and a weak opening in the domestic equity market, mainly put pressure on the domestic currency, forex dealers said.
The rupee had declined by a whopping 106 paise to close at three-week low of 60.47 on Tuesday, wiping out all the gains notched up on central bank's recent liquidity tightening measures.
Meanwhile, the BSE benchmark Sensex fell by 147.86 points, 0.76 per cent, to 19,200.48 in early trade on Wednesday.
Source : indiatoday.intoday.in
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