The rupee falls to a historic low of 85.83 versus the US dollar.
The rupee fell 11 paise to a record low of 85.83 against the US dollar in early trade on Wednesday. The rupee fell 11 paise to a record low of 85.83 against the US dollar in early trade on Wednesday due to strength in the US currency and rising crude oil prices. However, the government has lowered the country's economic growth forecast.