Rupee drops to new 1-yr low on weak data

Font Size

Print

Feedback

Email

Discuss

Save & Share Article

What’s this?

Digg	My Yahoo	Fark
del.icio.us	Newsvine	Reddit

Rate This Article

Rating:  0

Monday , May 12, 2008 at 1128 hrs The Indian rupee fell to a fresh one-year low on Monday, past 41.80 per dollar as weak factory data raised concerns about a slowdown in Asia's third-biggest economy.

At 12:44 p.m., the partially convertible rupee was at 41.85/86, a level it last hit in April 2007, according to Reuters data and 0.6 percent below Friday's close of 41.60/61.