Rupee ends at Rs. 59.57 - Thursday June 20,2013

 

At the Interbank Foreign Exchange (Forex) market, the domestic currency commenced sharply lower at Rs. 59.50 a dollar from Wednesday’s close of Rs. 58.70 and dipped further to log its all-time low of Rs. 59.93 as market participants panicked after U.S. Federal Reserve chief Ben Bernanke said $85 billion a month bond buying programme may be slowed down from this year. 

The rupee saw a marginal recovery to end at Rs. 59.57, still down 87 paise or 1.48% over Wednesday’s close