The News report by Erum Zaidi states that the rupee fell to almost three-month low at 128.50 against the US dollar in the open market on Monday, taking cue from equity mayhem and as frantic buyers rushed to build up position on prospects of interbank depreciation. The rupee dropped one percent per dollar — its lowest since July 19. Dealers said continued uncertainty over a fresh deal with the International Monetary Fund (IMF) contributed to panic buying.

From :Arabnews