Rupee extends fall to 4-1/2-month low tracking broad dollar rise

Tags: News
The rupee extended falls to a four-and-half month low on Wednesday morning as broad gains in the dollar versus other majors and Asian units hurt, while weaker local shares also raised foreign fund outflow worries.

At 9:28 a.m. (0358 GMT), the partially convertible rupee was at 61.21/22 per dollar, after hitting 61.2250, its lowest level since March 21.

The Nifty was trading down 0.2 percent. Most other Asian currencies trading weaker.

EDITORIAL OF THE DAY

  • India is taking China head on with its Japan aided Asia–Africa growth corridor

    Collaborative pursuit of Asia–Africa growth corridor in partnership with Japan is significant in more ways than one.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: Islam’s dance of death

It is a short walk between victim hood and blood ...

Ananda Majumdar

Walking the tightrope

For perhaps the most voluble antagonist of Narendra Modi at ...

Zehra Naqvi

Mindful meditation in everyday life

Amid the vast multitude of tasks and huge amounts of ...