Rupee hits record low of 62 Vs dollar


The rupee on Friday hit record low of 62 per dollar on heavy US currency demand supported by growing expectations that Fed may withdraw its bond buying programme by the end of this month amid growing signs of recovery in US Job market. 

Previously, rupee had hit all-time low of 61.80 on August 6.

The rupee had lost 24 paise to close at an all-time low of 61.43 against he US currency in the previous session on Wednesday after July inflation rose to a five-month high. Forex market remained closed yesterday on account of Independence Day.

Meanwhile, the BSE benchmark index Sensex has fallen by 457 points to 18,909 . 




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