Rupee falls to 8-1/2 month low of 56 Vs Dollar -Thursday May 23,2013

The Rupee on Thursday May 23,2013 declined by a hefty 54 paise to trade at an eight-and-a-half-month low of 56 at the Interbank Foreign Exchange market on sustained dollar demand and strengthening of the US currency overseas

The rupee fell to as low as 56.01 against US dollar, its lowest since September 6, 2012.

Yesterday, the rupee had lost five paise to close at 55.46, its lowest closing since November 27, 2012.

 Rupee at 9-month low
The rupee on Wednesday May 29,2013 fell by 22 paise to trade at fresh nine-month low of 56.18 against the US dollar in early trade on the Interbank Foreign Exchange due to month-end demand for the US currency from importers and banks.

Rupee hits one-year low

Falling for the 4th day in a row, the rupee declined by 20 paise to hit one-year low of 56.58 against the dollar in early trade on May 31,2013 Friday at the Interbank Foreign Exchange on increased demand for the American currency from importers.

The rupee had lost 21 paise to end at new 10-month low of 56.38 against the dollar on Thursday May 30,2013