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

  • Time for a reality check on AIDS

    Is the fear of Human Immuno-deficiency Virus (HIV) infection leading to Acquired Immuno-deficiency Syndrome (AIDS) in India?

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> The Looking glass war

In the looking glass war, where bitter adversaries - Ratan ...

Ananda Majumdar

<b>Ruminations:</b> How JP can wake up Cong

The Congress party has clearly missed a trick with its ...

Sachin Shridhar

The quagmire called kashmir

For the past three decades, the separatist leaders have claimed ...