The Indian rupee has hit a new low against the US dollar. The Indian currency is now pegged at 78 to the dollar. The rupee has been negatively impacted due to the higher inflation data from the US which indicates that the Fed will raise interest rates there. The Indian currency touched a lifetime low of 78.28 to the dollar. Even the Sensex has dropped about 1,500 points on June 13 due to the general slide in the global equity markets.