The rupee hit a new low of Rs 100.35 against the British pound (GBP) on Tuesday morning, as weak domestic fundamentals including ballooning current account deficit weighed down on the Indian currency.
After a modest recovery from its bottom, rupee was seen trading at Rs 99.7 against the British pound by mid-day trade.
The rupee has depreciated by about 25 percent in the past three months, from close to Rs 83 in mid-May, while it was even higher at about Rs 80 against the British Pound in March.
At close to Rs 100 level, the British pound is the most expensive against the Indian rupee among major foreign currencies across the world, followed by euro (Rs 85), Swiss franc (Rs 69), US dollar (Rs 63.7), Canadian dollar (Rs 61.5), Australian dollar (Rs 57.8), New Zealand dollar (Rs 50.9) and Singapore dollar (Rs 49.8).
The rupee had recorded the decade's worst single-day fall of 148 paise to close at record low of 63.13 on Monday, while it dropped further by about 98 paise on Tuesday morning.


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