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    May 16: Rupee falls to all-time low

    An Indian one rupee coin is seen in this picture

    The rupee tumbled 67 paise to all-time low of Rs 54.46 against the US dollar on the forex market during the midsession today on increased capital outflows and strong demand from importers

    Traders said the Reserve Bank's efforts to curb the falling rupee have failed to arrest the decline and it has surpassed the previous low of Rs 54.32 set on December 15

    They said strengthening of the dollar against major currencies in overseas markets, following renewed worries over deepening euro-zone sovereign debt crisis, and lower openings in equity markets world-wide put pressure on the rupee

    (Photos by Reuters)

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