This is the first time since June 27 that the domestic currency has fallen below the 60 level. Rupee had touched an all-time low of 60.76 against the dollar on June 26. Forex dealers said besides dollar gaining against other currencies to trade at nearly one-month high in the global markets on strong economic data, a lower opening in the domestic equity market also, put pressure on the rupee.
The rupee had depreciated by 14 paise to close at 59.66 against the dollar yesterday on defence-related dollar demand losses in the local stock market. Meanwhile, the BSE benchmark Sensex fell by 211.54 points, or 1.09 per cent, to 19,252.19 in early trade today.