Markets

Indian rupee falls after key ally pulls out from government

Published September 20, 2012 Updated September 20, 2012 04:37am

 

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