Today, September 22, the rupee fell 1% to reach its lowest point in more than 2 years as the dollar climbed to 7-month highs against major currencies after the Federal Reserve said there were “significant downside risks” to the economy but stopped short of bold monetary easing.
At 9:01 am, the partially convertible rupee was at 48.84 per dollar, after touching 48.85 — a level not seen since September4, 2009.
Earlier rupee had ended 0.6 weaker at 48.325/335 on Wednesday.
