The rupee today suffered a yet another blow to plunge by a whopping 31 paise at a fresh six-month low of 65.10 a dollar after heavy buying of the US currency and concerns on the macro-economic front.

This was the weakest closing for the home currency since March 24, when it had ended at 65.41 against the greenback.

The domestic currency got hammered last week, depreciating by a steep 71 paise against the US dollar — the biggest since November 2016.

Panic unwinding sent the flagship Sensex tumbling by a whopping 296 points to end at 31,626.63, while Nifty crumbled over 91 points to 9,872.60.

In line with the dominant bearish trend, the rupee opened on a weak note at 64.84 from weekend close of 64.79 at the Interbank Foreign Exchange (Forex) market on sustained dollar demand.

But, more quickly than expected, it bounced backed with renewed strength to touch a high of 64.72 on easing dollar pressure.

However, wiping out all mid-afternoon gains, the local currency retreated sharply to breach the key significant 65-mark to hit a fresh intra-day low of 65.19 before ending at 65.10, showing a steep loss of 31 paise, or 0.48 per cent.

Related Topics
comment COMMENT NOW