Sunday, 7 July 2013

Indian rupee to life low of 61.10 against US dollar

The Indian rupee fell to a record low, as an emerging markets sell-off for strong US jobs data shedding light on the currency's vulnerability and dependence on capital inflows to fund its record current account deficit.

The rupee was at 60.87/88 after hitting a record low of 60.97, breaching the previous low of 60.76 hit on June 26. It had closed at 60.225/235 on Friday.

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