Rupee tanks to 3-mnth low
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The rupee on Thursday depreciated 49 paise to close at a three-month low of 60.55 against the dollar on capital outflows after the US Fed trimmed its monthly bond buying programme by another $10 billion.
Heavy dollar demand and weakness in local equities also pulled the rupee down against the Greenback. The dollar index was quoting up by 0.10 per cent against a basket of six major global currencies.
Heavy dollar demand and weakness in local equities also pulled the rupee down against the Greenback. The dollar index was quoting up by 0.10 per cent against a basket of six major global currencies.
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First Published: Aug 01 2014 | 12:06 AM IST