Rupee breaches 66-mark; sensex plunges over 500 points
The rupee hit a new record low of 65.94 against the dollar on Tuesday
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MUMBAI: The rupee tumbled further on Tuesday to breach the 66-mark and was trading at 66.06 against the US dollar at 1.55pm.
The BSE benchmark sensex also nosedived over 524 points in mid-session trade on increased capital outflow as the rupee hit new record low amid concerns the food bill would raise subsidy burden.
After a lower start, the sensex plunged by 524.09 points to 18,034.04 at 1pm as the rupee hit a new record low of 65.94 (intra-day) against the dollar.
The BSE benchmark sensex also nosedived over 524 points in mid-session trade on increased capital outflow as the rupee hit new record low amid concerns the food bill would raise subsidy burden.
After a lower start, the sensex plunged by 524.09 points to 18,034.04 at 1pm as the rupee hit a new record low of 65.94 (intra-day) against the dollar.
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