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Economy Jan 7, 2013

Rupee falls to weakest level since November 29

The rupee fell to an over 1-month low in late trade on Monday as Indian equity markets slipped and the euro weakened as last week's Federal Reserve minutes continued to cast doubt over future US monetary stimulus.

Reuters

The Sensex gave up early gains to end down 0.47 percent.

The rupee was at 55.26/27 per dollar as of 3:40 p.m., its weakest since November 29, and down from its previous close of 55.07/08.

Reuters


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