Markets

Indian rupee falls past 64/dollar; funding deficit a concern

Published August 20, 2013 Updated August 20, 2013 05:07am

1 min

By Shoaib Ur Rehman

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MUMBAI: The Indian rupee extended losses past 64 to a dollar on continued concerns about how the country will fund its current account deficit in case fund flows taper out of emerging markets.

The rupee fell to 64.05 to a dollar, a record low, breaching a key psychological level of 64. It had last closed at 63.13/14.

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