This is its record low and makes place for itself in one of the worst performing currency space along with the Brazilian real. The currency is down around 15-16 percent all the way since May 22.
The market yesterday closed 134 point above at 19635.72 where it posted its biggest gains of the month, as investors purchased software service exporters and defensive shares.
Higher oil prices leading to a global economic slowdown could negatively impact a number of Asian currencies, says a new report from Nomura International.