Rupee hits new low Tuesday Aug 20,2013

Continuing its slide, the rupee on Tuesday Aug 20,2013 breached 64-mark against dollar by falling 98 paise to trade at record low of 64.11 on persistent dollar demand and a weak opening in the domestic equity market.

At the Interbank Foreign Exchange (Forex) market, the local currency opened sharply lower at 63.75 a dollar from its previous close of 63.13 and breached 64 mark to trade at fresh low of 64.11, down by 98 paise, or over 1.5%.

Also the rupee hit a fresh low against the pound today, falling below the 100 mark. It hit a new low of Rs. 100.35 against the British pound (GBP).At close to Rs. 100 level, the British pound is the most expensive against the Indian rupee among major foreign currencies across the world