Mumbai: The rupee hit a new low of 46.05 per dollar mark in late morning deals on Monday, mainly due to surging oil prices and slowdown in Foreign Institutional Investors (FIIs) inflows.
In nervous early trade at the Interbank Foreign Exchange market, the rupee was quoted at Rs 45.93/94 per dollar, sharply lower from Friday's close of Rs 45.88/90 per dollar.
The spot rupee hit a new low of 46.05 per dollar mark in late morning deals, and was traded around 46.03 per dollar in noon deals.
The rupee is under pressure because of demand for oil imports and the weak undertone in the equity markets leading to more FII outflows.
Due to renewed supply concerns crude oil prices were quoted at 71.29 a barrel in early Asian trade today. FIIs sold over 2.5 billion dollars worth of shares in 12 sessions till Friday.
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