Rupee inches closer to record low; hits 56.45 Vs dollar .

Mumbai: The rupee continued its downslide for the fourth day in a row and coming close to a record low against the dollar as risk assets fell on disappointment about the scope of US Federal Reserve's bond purchases and after HSBC factory data from China showed a contraction.

At the Interbank Foreign Exchange (Forex) market, the rupee was at 56.34/38 to the dollar versus its 56.15/16 close on Wednesday. It fell to 56.45 in early trade, close to its record low of 56.52 hit on May 31.

Experts said the quarter and month-end demand for dollars from oil importers and corporates increased the negative sentiment against the rupee.

With Agency Inputs

Source : zeenews.india.com