MUMBAI (Commodity Online):The Indian rupee has fallen to 54.2355 against the US dollar and 70.4602 against Euro compared to previous day's figures of 53.5770 and 69.8925, as per Reserve Bank of India reference rates published on Thursday.
The Rs 54 per dollar-mark is being breached for the first time in history on sustained foreign capital outflows and dollar gains against the euro and other rivals overseas.
The domestic currency had tumbled by 48 paise to close at a record low of Rs 53.71/72 per dollar in the previous session on strong demand for the American currency and strengthening of the dollar against its rivals overseas.
Forex dealers said in addition to continued demand for the American currency from importers and some banks, dollar gains against the euro and other currencies amid concerns over the euro zone debt crisis put pressure on the Indian rupee.
