Rupee falls to a fresh low, just 40 paise away from 80 per dollar

The rupee shed 0.2 per cent on Tuesday to mark a new closing low versus the US dollar, and dealers saw the domestic currency heading towards the 80 per dollar mark in the near term.

The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close. In the course of the day, the domestic currency had touched a lifetime low of 79.66 per US dollar.

With the crucial level of 79.50 per US dollar breached, the rupee was now seen heading towards the 80 per dollar mark over the near term, CR Forex Advisors said