The Indian rupee hit its lowest level in 2006 on Wednesday after the benchmark share index fell 2.63 percent, and dollar purchases by oil companies added to the local unit's woes, dealers said.
At 4:20 pm (1050 GMT), the rupee was quoted at 45.21/2250 against the dollar after hitting 45.25 - its lowest since December 28, Reuters data showed. It had fallen 0.84 percent during the day.