Indian rupee plunged Wednesday, registering its worst single day decline in 12 years at at 49.30/32 per dollar.
Rupee fell 2.4 percent compared with 48.1250/1400 at close on Tuesday. On October 27, it fell to a record low of 50.29.
Benchmark share index was down more than 4 percent, tracking weaker Asian markets as foreign funds sold a net $12.6 billion worth of shares after buying a record $17.4 billion last year.
