News Column

Indian Rupee Slides To 1-month Low Against US Dollar

June 15, 2014

NEW DELHI (Alliance News) - The Indian rupee weakened against the US dollar in the morning deals on Monday, as regional stocks fell after crude oil prices increased.

The benchmark S&P Sensex is currently down 40.99 points or 0.53% at 7,602, while the broader CNX Nifty Index is down 37.45 points or 0.51% at 7,502.

Against the greenback, the rupee fell to a 10-day low of 60.0550. The pair closed last week's deals at 59.6800.

If the rupee extends its fall, it is likely to find support around the 60.39 zone.

Traders await the release of wholesale-price inflation data due at 2:30 am ET.

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Source: Alliance News

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