Mumbai: Rupee on Wednesday fell by 37 paise to fall below the 60 mark again to 60.03 in morning trade at the Interbank Foreign Exchange market, on heavy dollar demand tracking strengthening of the US currency overseas.
This is the first time since June 27 that the domestic currency has fallen below the 60 level. Rupee had touched an all-time low of 60.76 against the dollar on June 26.
Forex dealers said besides dollar gaining against other currencies to trade at nearly one-month high in the global markets on strong economic data, a lower opening in the domestic equity market also, put pressure on the rupee.
Rupee had depreciated by 14 paise to close at 59.66 against the dollar on Tuesday on defence-related dollar demand losses in the local stock market.
Meanwhile, the BSE benchmark Sensex fell by 211.54 points, or 1.09 percent, to 19,252.19 in the morning trade on Wednesday.


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