Zee Media Bureau


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New Delhi: The Indian rupee on Monday fell by 21 paise to crack the 67-mark and end at a 27-month low against the United States dollar.


Interestingly, the Sensex rebound from a 3-month low gaining 106 points. So, what when wrong with the rupee?


ALSO READ: Rupee cracks below 67-mark to hit 27-month low Vs US dollar


Here are some of the reasons by the rupee cracked against the US dollar.


  • Uncertainties over an impending Fed rate hike which is likely to meet this week

  • High demand for US dollar at the Forex market

  • Concerns related to capital outflows in the aftermath of the first interest rate hike by the Fed

  • Dollar trading higher against other major currencies in the global market