Indian Rupee breaches 57.30 against U.S. dollar
June 22, 2012
Ahmedabad, 22 June 2012
The rupee fell way past the psychological mark of 57 for the first time to 57.30 against the dollar today.
Continuing its free fall, the rupee surpassed previous records in the five-day long losing streak and tumbled Re 1, over 1.6 per cent from previous close to 57.30 per dollar in mid session trade on the forex markets.
The rupee has depreciated nearly 3 per cent so far this week, its biggest weekly fall since September 23.
After opening lower at Rs 56.80 against the dollar today, the rupee recovered partially to 56.76 before slipping again. It had gained from its low levels yesterday to close at 56.30.
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