✕
Markets

Indian rupee falls after key ally pulls out from government

Published Updated

 

The support withdrawal will put the fate of the government in the hands of regional parties and put a question over future reforms in sectors like pension and insurance.

 

At 0905 a.m. local time, the rupee was at 54.38/40 to the dollar as against 54.01/02 Tuesday close. It fell to 54.42, its lowest since Sept. 14.

 

Copyright Reuters, 2012