Business Standard

Rupee hits one-month low

Image

Reuters

Reuters Market Eye - The rupee falls to as much as 61.11, the lowest since Aug. 14.

Last trading at 61.04 versus Friday's close of 60.65/66.

Rupee falls track weaker emerging Asian currencies.

Data on Saturday showed China's factory output grew at the weakest pace in nearly six years.

Traders cite sustained dollar buying from foreign banks.

USD/INR pares some gains after RBI Governor Rajan comments.

Rajan said India's macroeconomic indicators are improving and inflation has been coming down.

CPI data on Friday, WPI data on Monday have limited impact.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 15 2014 | 2:31 PM IST

Explore News