Indian rupee hits record low before central bank lends support

Posted by Ravi Gulati | Posted in Economy & Markets, Financial Planning | Posted on 21-08-2013

The Indian rupee fell past 64 to the U.S. dollar for the first time on Tuesday and bond yields spiked to a five-year high before the central bank stepped in to support the currency, as Asia’s third-largest economy bore the brunt of the global emerging markets selloff.

Indian rupee hits record low before central bank lends support – The Globe and Mail.