The rupee fell to its lowest level since April 2017, as investors worried over expansion of the fiscal deficit and weak global cues. The currency was last seen trading at 65.11 to the dollar - a level that the rupee has not seen since April, 2017.
It was the third straight day of losses for the rupee in as many days. Analysts see the ongoing weakish sentiments in the market to continue on the back of worries over the fiscal deficit.
The government had hinted at fresh stimulus measures to revive the economy, which many believe would lead to fiscal deficit widening over the targetted 3.2 per cent.