At the interbank foreign exchange market, the rupee opened higher at 69 a dollar against 69.05 previously. However, following the plunge in the yuan, the domestic currency fell to an all-time intra-day low of 69.12 against the American currency, showing a fall of 7 paise.
Amid the no-confidence motion, the opposition took no time to take a jibe at the ruling government.
Sitaram Yechury on Twitter wrote-
Not just the Rupee, every single economic parameter has gone down in past 4 years. While the country suffers grievously, Modi and his men make merry, trying to make it solely about religion and community.
While Kapil Sibal wrote –
No Confidence: In the government, In the Rupee at an all time low of 69.05, In investigating agencies. People are waiting to vote for change in 2019
The rupee's previous all-time intra-day low was 69.10, touched on June 28.
A mad rush for dollar was witnessed as importers expected further erosion in the rupee value, forex dealers said.
Yesterday, the rupee took a hard 43-paise knock to close below the 69 level for the first time at a historic low of 69.05 against the US currency as upbeat comments on the US economy by the Federal Reserve chairman drove the greenback to one-year high levels higher against global currencies.
(with input from agencies)