The rupee falls to a session low of 60.46, its lowest since June 18, as sentiment for emerging markets sours after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors into defensive assets.
The rupee is trading at 60.37/38 compared with its Thursday's close of 60.18/19.
USD/INR faces good resistance at 60.50 levels, which mark the 76.4 percent Fibonacci retracement level of the April-May election-related dollar decline.
Indian shares fall, with the 50-share Nifty down 0.5 percent on global risk aversion.
|Chennai||Rs. 24500.00 (-0.33%)|
|Mumbai||Rs. 25480.00 (-0.08%)|
|Delhi||Rs. 25200.00 (0%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24400.00 (-0.41%)|
|Bangalore||Rs. 24450.00 (0%)|
|Hyderabad||Rs. 24580.00 (0%)|