Indian rupee registers 13-month low
The rupee hit a low of 63.90 per dollar in November.
By 9.35 am, the partially convertible rupee was at 63.40 per dollar versus its Monday’s close of 62.94/95.
Experts said the rupee came under selling pressure tracking steep losses in emerging market currencies. Risk assets, including equities, are also under pressure at the time of rising concerns about the global economy.
According to market analysts, foreign funds sold shares in each of the last five trading sessions until Monday putting pressure on the rupee.
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