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Rupee closes in on record low as regional tensions rise

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Reuters MUMBAI

MUMBAI (Reuters) - The rupee closed in on its record low on Wednesday morning as rising geopolitical tensions in the Middle East and the possibility of a withdrawal of monetary stimulus by the U.S. Federal Reserve roiled risk assets.

At 0330 GMT, the rupee was changing hands at 68.31/32 to the dollar against 67.63/64 last close. It fell to a record low of 68.85 last week.

Bond yields rose 9 basis points to 8.67 percent.

(Reporting by Subhadip Sircar; Editing by Prateek Chatterjee)

 

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First Published: Sep 04 2013 | 9:15 AM IST

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