The rupee on Wednesday fell by 50 paise to 61.27 against the US dollar in early trade on the Interbank Foreign Exchange due to heavy demand for the US currency from importers amid a lower opening in the equity market.
Asian stocks fell to their lowest in a month on Wednesday following a second day of losses on Wall Street, Forex dealers have said that the factors behind weak rupee could be increased demand for the American currency from importers and a weak opening in the domestic equity put pressure on the rupee
Although on Tuesday rupee in early trade session fall to the life-time low..The rupee ended 11 paise higher at 60.77 against the dollar on RBI intervention after plunging to an all-time intra-day low of 61.80 in Tuesday's trade.
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