Rupee falls to near 5-month low; foreign funds pull out money
Sensex, Nifty close 1% lower each
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<a href="http://www.shutterstock.com/pic-145704104/stock-photo-indian-currency-rupees-and-coins.html?src=p5N32CFr8-mqwY5wKad6IA-1-63" target="_blank"> Rupee image </a> via Shutterstock.com
The rupee fell to 61.43/44, its lowest since March 14 and weaker than its 60.8450/8550 close on Tuesday.
The BSE Sensex and Nifty provisionally closed about 1% lower each.
Good dollar buying was seen from foreign banks likely on behalf of clients looking to exit their equity and debt investments in India.
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Most Asian currencies also ended weaker versus the dollar.
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First Published: Aug 06 2014 | 3:56 PM IST
