The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its stimulus programme this year. (Read: Why the rupee has hit an 8-month low)
The rupee fell to as low 56.01, its lowest since September 6, 2012. At 11.55 a.m., it was at 55.99 to the dollar versus its previous close of 55.46/47.
