August 27, 2013 1:59 PM

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Rupee tumbles to all-time intra-day low of 65.72 vs Dollar

The rupee tumbled to an all-time intra-day low of 65.72 per dollar today on heavy month-end demand of the US currency from importers and banks amid sharp fall in the local equity market. The rupee resumed lower at 65 per dollar as against the last closing level of 64.30 per dollar at the Interbank Forex Market.
Persistent month-end dollar demand from importers, mainly oil-refiners, amid sustained foreign capital outflows from equity market pulled down the rupee value against the dollar.

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