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Rupee tanks to 3-mnth low

Press Trust Of India
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.
 

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First Published: Aug 01 2014 | 12:06 AM IST

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