Indian Rupee Extends Decline To 12-day Low Against U.S. Dollar
May 26 2015 - 7:33AM
RTTF2
The Indian rupee extended its early decline against the U.S.
dollar in evening deals on Tuesday, as regional stocks declined on
Fed rate hike concerns.
The benchmark BSE Sensex ended the session lower by 112.47
points or 0.41 percent at 27,531.41, while broader Nifty index
closed at 8,339.35, down 30.90 points or 0.37 percent from its
previous close.
Breaching the key 64 level, the rupee fell to a 12-day low of
64.0080 against the greenback. This is a 0.8 percent decline from
Monday's closing value of 63.5050. The rupee may possibly find
downside target around the 65.00 mark.
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