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- Indian Rupee Hits Record Low Against Dollar
The Indian rupee plunged to a record low of 58.98 per dollar on Tuesday. The rupee has fallen about 5.6% against the dollar in the past month. This is part of the overall selloff in everything related to emerging markets.
June 11, 2013 - Business Insider - Indian Shares Seen Lower On Rupee Woes
Indian shares are seen opening lower on Tuesday on worries a depreciating rupee will make imports expensive and upset the easing inflation trajectory, reducing the elbow room for the Reserve Bank of India to cut interest rates. The Indian rupee closed down about 2 percent at a record low of Rs. 58.14 against the dollar yesterday, posting its biggest intraday decline since September 2011.
June 11, 2013 - RTT News - India Ink: What They Said: Indian Rupee Hits Record Low
The Indian rupee was trading at almost 58 against the U.S. dollar on Monday.
June 10, 2013 - New York Times