The rupee fell by a whopping 71 paise to hit a new life-time low of 57 rupees 77 paise on 9 June 2013. The fall comes after the persistent dollar demand from importers and banks amid the US currency gaining overseas. The rupee which resumed lower at 57 rupees 18 paise against dollar as against the last weekend's level of 57 rupees 6 paise per dollars, dropped further to an all-time low of 57 rupees 77 paise per dollar. This crosses its life-time closing low level of 57 rupees 32 paise touched in June-end 2012.
The weakening of the rupee against the Dollar is persistent with the pattern of currencies of other emerging markets also depreciating the world over.
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