In line with the crash in equities,the Indian Rupee tumbled by 82 paise - its biggest single day fall in 2015 - to settle at Rs 66.65 against the US Dollar as Global Meltdown fears remain unabated
From the frday Aug 21,2015 close of Rs 66.47,Indian Rupee on Monday Aug 24,2015 touched a low of Rs 66.74 in intra day t rad before concluding at Rs 66.65 showing a sharp fall of 82 paise or 1.25%
A sudden gush of US Dollar demand fromImporters and State Run Banks in the face of sustained capital outflows amid mounting risks of a hike in US Interest Rates pressurised the Indian Rupee tohit a fresh 2-year low of Rs 66.65
From the frday Aug 21,2015 close of Rs 66.47,Indian Rupee on Monday Aug 24,2015 touched a low of Rs 66.74 in intra day t rad before concluding at Rs 66.65 showing a sharp fall of 82 paise or 1.25%
A sudden gush of US Dollar demand fromImporters and State Run Banks in the face of sustained capital outflows amid mounting risks of a hike in US Interest Rates pressurised the Indian Rupee tohit a fresh 2-year low of Rs 66.65
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