Rupee falls to record low

Rupee slid to a new record low against the dollar on Monday (08 July 2013) as the greenback was boosted by stronger than expected US jobs numbers.

The currency hit 61.20 rupees to the US unit moving past its previous low of 60.76 rupees on June 26 as worries mount that the US Federal Reserve will reduce its stimulus programmed that has prompted investor flows into emerging markets.

The currency closed on Monday at 60.62 rupees to the dollar.

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