The Indian rupee on Tuesday nosedived to all-time record low of 71.56 against the US dollar. On Monday rupee hit a record low of 71.12 but on Tuesday it further dropped 44 paise and hit 71.56.
Despite opening 19 paise higher at 70.80 per dollar on Tuesday morning, by afternoon it witnessed a drop of 32 paise by afternoon.
Meanwhile, BSE’s Sensex was recorded at 38,157.92, while Nifty traded at 11,520.30. Yesterday, Sensex rose by 103.61 points to 38,748.68, while Nifty traded marginally above 11,700 at 11,709.65.