Zeebiz.com
Mumbai, Jun 20: The rupee continued its downslide for the third day in a row and declined by 19 paise to end at 56.15, its second lowest closing in history, against the US currency as cautious importers bought dollars in late trade ahead of outcome from the key US Federal Reserve meeting.
At the Interbank Foreign Exchange (Forex) market, the domestic unit opened higher at 55.92 a dollar from previous close of 55.96 and immediately touched a high of 55.82 on dollar selling by exporters and initial rise in local shares.
However, as the session progressed it weakened and fell back to a low of 56.18 before concluding at 56.15, its second lowest closing. On May 30, the rupee had settled at 56.23 on May 30, 2012. It has depreciated over 16 percent since early March and hit a record low of 56.52 (intra-day) on May 31.