Rupee at 1-1/2 month low as state-run banks buy dollars

Dollar purchases for defence purposes also cited

Reuters
Last Updated : Jul 31 2014 | 3:29 PM IST
The rupee fell to as low as 60.4775 against the dollar, its lowest since June 18. 
 
The Indian unit was last trading at 60.4550/46 versus its previous close of 60.06/07.
 
Dealers cited outflows of around $250 million, with state-run lenders buying dollars for corporates, and talk of dollar purchases for defence-related payments.
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First Published: Jul 31 2014 | 3:20 PM IST

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