Rupee Falls to Record Low of Rs 53.29 per US Dollar


Mumbai, Dec 13 (PTI): The Indian rupee tumbled by 35 paise to an all-time low of Rs. 53.29 per U.S. dollar in early trade on the Interbank Foreign Exchange on Tuesday on continued demand for the American currency from banks and importers, coupled with news of negative growth in industrial output in October.

Dollar gains against other currencies overseas amid euro zone debt concerns also put pressure on the Indian rupee.

The domestic currency had tumbled by 81 paise to close at a record low of Rs. 52.84/85 per dollar in the previous session on strong demand for the American currency and strengthening of the dollar against its rivals overseas.

Meanwhile, the BSE benchmark Sensex fell by 60.98 points, or 0.38 per cent, to 15,809.37 in opening trade today.

  

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Comment on this article

  • Tony Pinto, Mumbai - Dubai

    Tue, Dec 13 2011

    Christmas Day and for New Year why this downfall NRI budget will defer travelling to Mumbai will face the high rise cost, already it is not the same INDIA - MUMBAI we use to visit 5 years before.......price are high for Hotel Stay / Hotel Bill / TRAVEL / Entertainment / Purchasing but public back home are enjoying we need to think????.

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Title: Rupee Falls to Record Low of Rs 53.29 per US Dollar



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