MUMBAI (Reuters) - The rupee on Thursday fell slightly below the 65 level to the dollar, breaching the level for the first time since September 2013, as it continued to reel after China devalued the yuan earlier this week.
Traders said the Reserve Bank of India had likely sold dollars at around the 65 level to slow the rupee's falls.
The rupee was trading at 64.92 to the dollar from Wednesday's close of 64.77/78. It had earlier fallen to as low as 65.0050 to the dollar, its weakest since September 2013, when the currency was mired in its worst turmoil since 1991.
(Reporting by Suvashree Dey Choudhury; Editing by Rafael Nam)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
