In a recent trading session, the Indian rupee depreciated beyond the Rs 60 per dollar level owing to strong demand from importers.
The Indian currency is learnt to have declined to Rs 60.76 per dollar in a recent trading session.
In the month of June, the currency weakened 7 percent against the US dollar and 12 percent since May 1.
Some market expects expect rupee to fall to 61-62 against dollar in the short term. However, they expect the weakening of the rupee to be temporary because in longer term the Indian rupee, the fundamentals and the current account position may improve.
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