Markets

Indian rupee extends fall to 4-1/2-month low tracking broad dollar rise

Published August 6, 2014 Updated August 6, 2014 05:54am

1 min

By Shoaib Ur Rehman

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MUMBAI: The Indian rupee extended falls to a four-and-half month low on Wednesday morning as broad gains in the dollar versus other majors and Asian units hurt, while weaker local shares also raised foreign fund outflow worries.

At 9:28 a.m. (0358 GMT), the partially convertible rupee was at 61.21/22 per dollar, after hitting 61.2250, its lowest level since March 21.

The NSE index trading down 0.2 percent. Most other Asian currencies trading weaker.

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