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Home International Customs India

Indian rupee value hits new 13-month low

byMonitoring Report
17/12/2014
in India
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MUMBAI: The rupee punched a new 13-month low on Wednesday, while bonds and shares dropped to their weakest this month on concerns that brewing monetary disaster in Russia would spark foreign selling even in India, one of the star performers among emerging markets this year.

Overseas investors sold shares worth $196.56 million on Tuesday, their biggest daily net sales since Oct. 17, and a sixth consecutive day of selling, according to exchange data.

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Tags: 13-month lowhits a newmonetary disasterRupee

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