Wednesday June 19th 2013

Rupee at new low, breaches 55 vs US dollar

The rupee on Monday fell to an all-time low of 55.05 to the dollar, breaching a key psychological mark, and closed after recovering only marginally at 55.03.

The local unit resumed lower at 54.70 a dollar at the Interbank Foreign Exchange (Forex) Market and plunged to a new all-time low of 55.03 against the US dollar.

Traders saw no signs of RBI intervention in the currency market so far in this session.

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