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Rupee falls to 8-1/2 month low on global dollar strength

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Reuters MUMBAI
Last Updated : May 23 2013 | 11:35 AM IST

MUMBAI (Reuters) - The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its stimulus programme this year.

The rupee fell to as low 55.92, its lowest since September 6, 2012. At 0543 GMT, it was at 55.90/91 to the dollar versus its previous close of 55.46/47.

(Reporting by Subhadip Sircar; Editing by Rafael Nam)

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First Published: May 23 2013 | 11:27 AM IST

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