The rupee fell below 54 to the dollar on Wednesday after risk assets continued to be beaten down on worries about the future of the euro zone after Greece failed to form a government.
The rupee was at 54.10-54.11 to the dollar in early trade versus its Tuesday close of 53.79. That left it in sight of the 54.15 low hit on Monday and the 54.30 record low hit in December. Dealers will closely watch for any central bank intervention to protect the level.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
