The rupee today plunged by a whopping
130 paise to hit a life-time low of 60 against the US dollar in early trade on the Interbank Foreign Exchange on strong demand for the American currency from banks and importers. Besides, dollar's strength against major currencies overseas on comments by Federal Reserve Chairman Ben Bernanke that the central bank may scale back its monetary stimulus programme later this year weighed on the domestic unit. They said weak domestic fundamentals such as record current account deficit and high inflation concerns too put pressure on the rupee.
The rupee had earlier hits its all-time intra-day low of Rs 58.98 on June 11.
Meanwhile, the BSE benchmark Sensex dipped below 19,000 level by plunging 423 points to 18,822 in early trade.