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Rupee slips below 63 against dollar
By: Tupaki Desk | 19 Aug 2013 12:39 PM GMTThe Indian rupee hit another record low Monday slipping below 63 against a dollar for the first time, on continued weakness in equities markets.
The partially convertible rupee slipped to a new record low of 63.22 against a dollar at the inter-bank foreign exchange market here, surpassing its previous record low of 62.03 hit on Aug 16.
The rupee ended the day at a record low of 63.13 against its previous session's close at 61.65 against a dollar.
The Indian currency has hit new lows thrice in the past two weeks despite a series of measures announced by the government to curb current account deficit and revive economic growth.
The partially convertible rupee slipped to a new record low of 63.22 against a dollar at the inter-bank foreign exchange market here, surpassing its previous record low of 62.03 hit on Aug 16.
The rupee ended the day at a record low of 63.13 against its previous session's close at 61.65 against a dollar.
The Indian currency has hit new lows thrice in the past two weeks despite a series of measures announced by the government to curb current account deficit and revive economic growth.
