hi INDiA
News Update 24X7

Rupee slips below 62 against dollar

Indian rupee-l20130816150307_l

Mumbai, Aug 16 (IANS) The Indian rupee hit another record low Friday, slipping below the psychological resistance level of 62 against a dollar for the first time, on the back of a huge selling pressure in the stock markets leading to high demands for the American currency.

The partially convertible rupee slipped to a new record low of 62.03 against the dollar at inter-bank foreign exchange market here, surpassing its previous record low of 61.80 hit on Aug 6. 

The rupee was quoted at 61.67 at 12.40 pm Indian time against its Wednesday's close at 61.43. The markets were closed Thursday due to the Independence Day celebrations.

Get real time updates directly on you device, subscribe now.

google.com, pub-8694657744466852, DIRECT, f08c47fec0942fa0
WhatsApp WhatsApp us