Rupee continued with its trend of making new record lows in consecutive trading sessions. On Tuesday, rupee again slid 1.6 per cent to a new all-time low of Rs 64.13/$. The currency had already weakened 2.3 per cent during Monday’s session.
But as session progressed and Reserve Bank intervened, the currency recovered 88 paisa and closed at Rs 63.25/$, 12 paisa weak. Also British pound for the first time ever touched a new high of 100.52 against rupee but finally closed at 99.04, 25 paise down. Stock markets also followed suit with Sensex ending 61 points lower after losing over 330 points at one point. To curb volatility in rupee, RBI in the evening announced a slew of measures, including Rs 8,000 crore bond buyback.