India News : Mumbai: Despite various steps taken by the Reserve Bank of India, the Indian rupee on Monday closed at a historic low of 63.13 against the dollar, dropping by 148 paise, the biggest single day drop in a decade.<br /><br />During the day, it had touched a low of 63.22 before gaining some ground.<br /><br />The rupee lost on heavy FII selling as the steps unveiled by the government last week seemed inadequate to stall the currency's fall. <br /><br />Moreover, speculations that the US may roll back its economic stimulus package as early as next month and the weakness in global market had worsened the sentiment.<br /><br /><br />For More information on this news visit: http://www.itvnewsindia.com/<br />Connect with us on Social platform at: http://www.facebook.com/IndiaNewsTV <br />Subscribe to our You Tube channel: http://www.youtube.com/itvnews
