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

  • Trashing the Aadhar project without logic or reason serves no purpose

    Aadhar number and cards enrollment is a sovereign exercise undertaken by the Centre over the last 10 years to essentially capture the socio-economic d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: SRK’s ALPHABET SOUP

On Saturday, the Enforcement Directorate sent a show cause notice ...

Gautam Datt

The Congress quandary

A government without an opposition is an unfortunate scenario in ...

Zehra Naqvi

Success lies in learning to embrace failure

Among the thronging multitudes that offer you lessons on success, ...