The rupee resumed lower at 61.05 per dollar as against the last closing level of 60.88 per dollar at the Interbank Foreign Exchange (Forex) Market and dropped further to an all-time record low of 61.51 per dollar before quoting at 61.43.
The intra-day lowest of 61.21 was recorded on July 8, 2013. Fresh dollar demand from banks and importers in view of fall in the equity market mainly affected the rupee value against the dollar, a forex dealer said.
The Indian benchmark sensex dropped by 194.44 points or 1.01 percent at 18,987.82.

In New York, the dollar fell broadly on Monday as a better-than-expected reading on activity in the US service sector failed to overcome last week’s below-consensus report on job growth in the US and its implications for a slowing of Federal Reserve stimulus.


Latest News  from Business News Desk