New Delhi: A fall in Index of Industrial Production (IIP) in over two years by 5.1 per cent in October due to rising interest rate, high prices and global uncertainties pressured so heavy on rupee on Monday that it hit all-time low of 52.84 against the US dollar.

Analysts said, “Sensex tumbled 363 points and closed at 15870 as Foreign Institutional Investors (FII) pulled out from markets due to weak IIP numbers, the rupee has seen such a big fall today.”

Sources said, “Falling rupee will make imports costlier which will affect the industrial production. However, exporter may stand to gain with decline in rupee value.”