Rupee falls to record low of Rs52.50 per US dollar

The domestic currency had tumbled by 81 paise to close at a nearly 33-month low of Rs52.15/16 per dollar in the previous session on sustained dollar demand from banks and importers

Mumbai: The Indian rupee depreciated by 35 paise to a lifetime low of Rs52.50 per US dollar in early trade on the Interbank Foreign Exchange today on sustained demand for the American currency from banks and importers, reports PTI.

Dollar gains against other currencies overseas also put pressure on the Indian rupee.

The domestic currency had tumbled by 81 paise to close at a nearly 33-month low of Rs52.15/16 per dollar in the previous session on sustained dollar demand from banks and importers in the backdrop of an eight-session losing streak in the stock market and a deepening euro-debt crisis.

Meanwhile, the BSE benchmark Sensex recovered by 50 points to 15,996 in opening trade today.

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