Zee Media Bureau
New Delhi: The Indian rupee on Monday fell by 65 paise to end at Rs 62.94 against the dollar, the lowest in a 10-1/2 on worries of the United States might hike rates next year.
The fall was also the biggest single-day fall for the rupee in over four months.
The partially convertible rupee closed weaker at 62.94/95 per dollar, after hitting 62.95, its lowest level since Jan. 28 compared with Friday`s 62.29/30 close.
Meanwhile, the benchmark BSE Sensex fell by 31 points to close at one-and-a-half month low of 27,319.56 amid mixed cues of a sharp decline in industrial production in October and zero level inflation in November, completing three days of losses.
Reacting to IIP data that came after close of market hours on Friday, the BSE nosedived by over 245 points in early trade. Markets, however, saw buying picking up after the news of zero level inflation came in raising hopes of a rate cut by the Reserve Bank of India.
With Agency Inputs
