Rupee fall persists

Tuesday, 6 November 2018 00:05 - - {{hitsCtrl.values.hits}}

Reuters: The rupee ended weaker on Monday as outflows from stocks and government securities due to political uncertainty raised dollar demand.

The rupee ended at 174.45/60 per dollar on Monday, compared with the previous close of 174.30/50. The currency has dropped 0.8% since the political crisis began on 26 October, and hit a record low of 175.65 per dollar on Thursday.

The rupee weakened 3.7% in October after a 4.7% drop in September against the dollar. It has dropped 13.5% so far this year.