Rupee Slides Past 66 Against The Dollar As Global Cues Remain Grim

Business

oi-Sunil

By Sunil Fernandes

Published: Wednesday, September 23, 2015, 10:10 [IST]

The rupee fell sharply in trade and once again breached the 66 per dollar mark, as weak PMI data from China saw stocks falling across Asia.

The currency was last trading at 66.03, a drop of 15 paise over Tuesday's close. Weakness in the currency market could persist if Chinese data continues to disappoint.

Check rupee rates against global currencies

The rupee has lost more than 4 per cent since the start of the year and analysts fear a further down slide could happen should foreign portfolio investors continue to exit Indian stocks.

The yield on India's 10-year benchmark bond was at 7.726 per cent marginally higher, while the Sensex was trading with loses of 176 points.

GoodReturns.in