Rupee falls to 6-year low

The rupee fell towards a six-year low as a sharp fall in Asian stocks intensified concerns about accelerated foreign fund withdrawals.

The rupee fell towards a six-year low early on Wednesday as a sharp fall in Asian stocks intensified concerns about accelerated foreign fund withdrawals.

HT Image

At 9:03 am (0333 GMT), the partially convertible rupee was at 48.28 per dollar, its lowest since December 2, 2002. On Tuesday, it closed at 47.915/93.