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Controlling CAD is important as it has an implication on growth because of its close ties to national investment and saving. It also affects exchange rates and thus influences the export competitiveness of an economy.
The domestic currency had breached the 81-mark for the first time on Friday.
At the interbank foreign exchange, the rupee opened at 81.08 against the greenback, then fell further to 81.23, registering a fall of 44 paise over its previous closing.
At end of trading on September 22, the rupee closed at 80.86 against the US dollar, its lowest ever, and about 7 per cent lower than in January. By the time you read this, it might well have breached 81.
The rupee falls 8 paise to 79.82 against the US dollar in early trade. Besides facing the impact of speculation on US Fed rate hike, the local currency also faced the heat of firm crude oil prices and a strong dollar in the overseas market