Rupee falls to two-week low as China devalues yuan

This, as dollar rises after yuan devalued by nearly 2%

The rupee fell to the lowest against the dollar in two weeks on Tuesday, tracking a stronger greenback after China devalued the yuan by nearly 2%.

The rupee weakened to 64.1808 to the dollar, the lowest since July 27, compared with its previous close of 63.75.

The RBI was not spotted supporting the currency, several traders said.