The Indian rupee fell against the US dollar to its weakest level in nearly 6-months on Wednesday as domestic equities erased their early gains to end modestly lower ahead of the Federal Reserve Chairman Ben Bernanke's congressional testimony.
Disappointing fourth quarter results from the engineering & construction giant Larsen & Turbo also brought the positive sentiment down, sending the BSE Sensex 49 points or 0.25 percent lower at 20,062 and the broader 50-share Nifty index falling by 20 points or 0.32 percent to 6,094.
Extending its 5-day losing streak, the rupee reached 55.64 against the dollar on Wednesday afternoon, its weakest level since November 29. Next key levels to watch for the rupee on the downside are 55.90, 56.0, 56.50 and 57.30.
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