MUMBAI: Continuing its free fall, the rupee on Monday breached 63-mark a dollar to end at record low of 63.13, recording the decade’s worst single-day fall of 148 paise, heightening fears that more capital control steps could be in the offing.
Weighed down by heavy dollar demand and fall in stocks markets, the rupee fell to historic intra-day low of 63.30.
At the Interbank Foreign Exchange (Forex) market, the local currency opened sharply lower at 62.30 a dollar from its previous close of 61.65 but tried to recover later to a high of 62.21. Rupee again turned negative and finally ended at 63.13, logging a fall of a massive 148 paise or 2.40 per cent.
The previous biggest fall in decade was the 124 paise or 2.57 per cent plunge on September 22, 2011. (PTI)
