Sunday, 18 August 2013

Rupee Falls

The rupee fell to a record low on Monday as the government's steps unveiled last week seemed inadequate to stall the currency's fall. 

The rupee fell as much as 62.40 to the dollarin early trade, breaching the previous low of 62.03 hit on Friday. It had closed at 61.65/66. 

Government bond yields remained at 21-month highs with the 10-year bond at 8.95 percent, up 7 basis points.