Rupee Declines by 149 Paise Monday Aug 19,2013

The rupee closed at Rs. 63.13 on Monday Aug 19,2013, down 2.40 % from Friday’s close. The 149 paise fall was the single biggest fall in nearly two years

Stock indices plunged nearly 2% on Monday and the rupee depreciated to its all-time low to close above the psychological mark of Rs. 63 as foreign institutional investors (FIIs) sold stocks in panic to repatriate dollars

Sensex tanked over 450 points from Friday’s close intra-day to finally close Monday with a loss of 290 points at 18307.52 points. On Friday, it shed 769.41 points. In just two days, it had lost 1,059 points