Indian Rupee Falls To Near 2-1/2-year Low Against U.S. Dollar
February 02 2016 - 8:19PM
RTTF2
The Indian rupee weakened against the U.S. dollar in the morning
deals on Wednesday, as oil prices dropped for a third day,
underscoring worries about global growth.
Against the greenback, the rupee fell to nearly a 2-1/2-year low
of 68.2600 from an early high of 67.9500. At yesterday's close, the
rupee was trading at 67.9730 against the greenback.
If the rupee extends its downtrend, it is likely to find support
around the 69.00 area.
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