Photographs: Reuters
The rupee on Friday tumbled by 35 paise to trade at a new all-time time low of Rs 54.82 against the US
dollar in early trade on increased capital outflows and strong demand from importers for the American currency.
Traders said apart from capital outflows by foreign funds, strengthening of dollar against the euro, which plunged
to a four-month low following renewed worries over deepening eurozone debt crisis, put pressure on the rupee.
On Thursday, the rupee had touched an intra-day record low of 54.60 before settling at Rs 54.47 against the US dollar.
Meanwhile, the BSE benchmark Sensex plunged by 231.97 points, or 1.44 per cent, to 15,838.51 points in early trade
today.
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