Rupee hits 11-Month Low of 56.60 vs Dollar
Indian rupee declined by 20 paise to hit 11-month low of 56.60 against US dollar in early trade today. It put a tremendous pressure amid the increased demand for the American currency.
Meanwhile, the BSE Sensex fell by 150.27 points, or 0.74 per cent, at 20,065.13.
The rupee had lost 21 paise to hit 10-month low of 56.38 against the dollar yesterday after RBI Governor D Subbarao expressed his concern over inflation. He said that the RBI will take into account macro-economic factors for policy decisions.