Rupee falls to record low beyond 52/dollar

The Indian rupee fell beyond 52 per dollar to a new record low in afternoon trading on Tuesday.

Written by Reuters | Mumbai | Published: March 3, 2009 3:23:28 pm

The Indian rupee fell beyond 52 per dollar to a new record low in afternoon trading on Tuesday as a falling stock market intensified worries of capital outflows.

At 3:29 p.m.,the partially convertible unit was at 52.05/06 per dollar,0.29 per cent weaker than Monday’s close of 51.90/92.

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