Don’t miss the latest developments in business and finance.

Rupee forwards slump after RBI head quits

Image
Reuters LONDON
Last Updated : Dec 10 2018 | 7:05 PM IST

LONDON (Reuters) - Rupee forwards posted their biggest daily slump in more than five years on Monday, after Reserve Bank of India Governor, Urjit Patel, resigned for "personal reasons".

The one-month contract was last quoted at 72.62 per dollar compared to a spot market rate of 71.35 percent dollar.

(Reporting by Marc Jones; Editing by Tommy Wilkes)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

More From This Section

First Published: Dec 10 2018 | 6:59 PM IST

Next Story