Rupee crashed to 56 against a Dollar

Low trends continues for Indian Rupee. Today, it has crossed important psychological level of 56 against US dollar.

Rupee has hit a new low in continuos six sessions.

High demanding from Oil Importers and other companies has dragged Rupee down. RBI has become cautious and according to experts, RBI may take any decision immediately to stop Rupees to fell further.

Indian market were also trading low for whole day. Nifty index has closed at 4835 pts while Sensex managed to close near 16,000. Read More : Sensex closed below 16000, Nifty at 4835