The rupee on Thursday plunged by a whopping 130 paise to hit life-time low of 60 against the US dollar .
They said weak domestic fundamentals such as record current account deficit and high inflation concerns too put pressure on the rupee. The rupee had earlier hit its all-time intra-day low of Rs 58.98 on June 11.
The rupee had gained 7 paise to close at Rs 58.70 against the dollar in the previous session on the back of recovery in stocks and fresh dollar selling by exporters.
They said weak domestic fundamentals such as record current account deficit and high inflation concerns too put pressure on the rupee. The rupee had earlier hit its all-time intra-day low of Rs 58.98 on June 11.
The rupee had gained 7 paise to close at Rs 58.70 against the dollar in the previous session on the back of recovery in stocks and fresh dollar selling by exporters.