Rupee slides again, hits 55.8/US$

May 23, 2012 10:22

Continuing its free fall, the Rupee fell to 55.82 against the US dollar in early trade. For the sixth session in a row, the Rupee on Wednesday lost 43 paise to touch a fresh low.

The rupee has been one of the worst performing currencies in Asia and has been consistently hitting lows in the last fortnight, in spite of RBI interventions by selling dollars in the forex market.

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