Rupee falls in morning trade on risk aversion
Mar 03 2014 , Mumbai
Global risk aversion on geopolitical tensions in Ukraine is weighing on most Asian currencies.
China manufacturing PMI hits a seven-month low, further hurting risk currency sentiment.
The December GDP data, which came in at a below expected 4.7%, also hurt.
The Japanese yen rose across the board on Monday while investors gave risk currencies such as the Australian dollar a wide berth as Ukraine mobilised for war after Russia's President Vladimir Putin declared he had the right to invade the neighbouring country.