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Rupee hits new record low, near key 56-level

News18

Updated: May 23, 2012, 9:29 AM IST
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Rupee hits new record low, near key 56-level
The rupee fell to a new record low in early trade on Wednesday, approaching the key psychological level of 56.

Mumbai: Rupee resumes fall, now at 55.82/83 per dollar, moments after hitting a new record low at 55.84 to approach the key psychological level of 56.

Fall comes despite RBI intervention earlier in the session pushed rupee to 55.52. Traders call the action 'mild', say they expect further falls in rupee.

Traders expect some dollar selling from exporters to emerge around 55.80 levels.

The rupee fell as much as to 55.82 to the dollar. It had closed at 55.39/40 on Tuesday.

First Published: May 23, 2012, 9:29 AM IST
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