Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Industrial ouput, however, was seen falling 0.6 per cent in January
Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan.
Still, it is not expected to gain much strength and will likely trade around Rs 63.00 to the US dollar by the end of April.
The parlous state of Asia's third largest economy was reflected in the rupee's 18 per cent plunge against the dollar to all time lows since May, when signals emerged that the US Federal Reserve was considering winding down an easy money strategy that had benefitted emerging markets like India.
