Business Standard

Rupee tumbles by 65 paise against dollar in early trade

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Press Trust of India Mumbai
The Rupee tumbled by 65 paise to record low of 62.30 against the dollar in early trade at the Interbank Foreign Exchange market on dollar demand from importers.

Besides increased demand from oil importers for the US currency, lower opening in the equity market pulled down to Rupee to all-time low, forex dealers said.

The Rupee had lost 22 paise to close at 61.65 against the dollar on Friday's trade.

Meanwhile, the BSE benchmark Sensex plunged by 221.94 points, or 1.19 per cent, to 18,376.34 in early trade today.

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First Published: Aug 19 2013 | 10:05 AM IST

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