ET:Rupee at an all-time closing low of 61.65/dollar
The rupee today closed at an all-time low of Rs 61.65 per dollar versus its previous close of 61.43/44 on Wednesday, but well below the intra-day record high of 62.03 reached earlier in the session as exporters stepped in to sell the greenback.
Some traders speculated the RBI may have stepped in to defend the Indian currency by selling the dollar via state-run banks, but that was not a universal view.
Meanwhile, the Sensex crashed 769.41 points, the biggest fall in 4 years, to end at 18,598 on fresh concerns about US stimulus withdrawal and rupee plunging to record low of 62, draining investor wealth by Rs 2 lakh crore.
After gaining 703 points in the last four sessions, the Sensex plunged 769.41 points, or 3.97 per cent, to 18,598.18 on all-round selling. Consumer durables, realty, banks and metal sector took major beating.
