Rupee falls to lowest since December 2006

Reuters
Posted: 2008-09-05 15:45:03+05:30 IST
Updated: Sep 05, 2008 at 1545 hrs IST

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Rupee near record low at 50.35 per dollar Rupee at all time low of 50.50 vs dollar Rupee falls to 50/dlr, lowest since Oct 27 Rupee heads towards 50-mark

The rupee fell to its lowest since December 2006 on Friday, as a stock market slide triggered concerns of further foreign fund outflows.

At 3:42 p.m., the partially convertible rupee was at 44.70/72 per dollar, its lowest since Dec. 21, 2006 and weaker than its previous close of 44.35/36.

India's main share index fell 2.8 per cent, tracking losses in other regional stock markets weighed down by fears of a global economic slowdown.

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Rupee falls to lowest since December 2006

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