INR

92.979

United States Dollar

Global currencies have tumbled against the US dollar, following Federal Reserve Chairman Ben Bernanke's comments that asset purchase programme in the US would taper off and come to an end, should the US economic recovery gather momentum.

There were increasing worries that the rupee would slide further as there could be large scale selling by foreign funds in the Indian equity and bond markets. This is likely to aggravate the downfall of the rupee, which has already been badly hit by a rising current account deficit.

Dealers say that the rupee could now breach the 60 mark.

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