Rupee hits 1 month low; emerging markets under pressure
Jul 18 2014 , Mumbai
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.