Rupee hits 1 month low; emerging markets under pressure

Tags: News
The rupee falls to a session low of 60.46, its lowest since June 18, as sentiment for emerging markets sours after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors into defensive assets.

The rupee is trading at 60.37/38 compared with its Thursday's close of 60.18/19.

USD/INR faces good resistance at 60.50 levels, which mark the 76.4 percent Fibonacci retracement level of the April-May election-related dollar decline.

Indian shares fall, with the 50-share Nifty down 0.5 percent on global risk aversion.

EDITORIAL OF THE DAY

  • Government must wake up to the woes of electricity generators

    India is not staring at a power crisis yet, but an estimated 46,000 mw of power capacities are at risk today.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Zehra Naqvi

Minimalism: declutter your life

When you imagine an ideal place to live, you think ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture