Continued Fall Which Ended Time Low Home Currency - Oct 24, 2008

The rupee continued to fall against the dollar on Oct 23 which ended at an all-time low of 49.81/82. The home currency fell by 50 paise against the greenback tracking the losses in the domestic equity indices, said forex dealers. Analysts expect it to breach 50 a dollar level any time now. The rupee opened at 49.65/67 and weakened further to touch an intra-day low of 49.86. It closed at 49.81/82, against the previous close of 49. 30/31.