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Rupee plunges below 65/dollar

Source : REUTERS
Last Updated: Thu, Aug 22, 2013 12:55 hrs
A grocery shop owner counts rupees in the western Indian city of Ahmedabad

Mumbai: The rupee fell to a record low on Thursday, falling past 65 to a dollar, continuing its sharp slide among emerging market currencies after the Federal Reserve minutes hinted that the United States may start tapering its stimulus as early as next month.

The currency fell to as low as 65.12 to a dollar in early morning trade, breaching its previous low of 64.5450 hit on Wednesday. It had closed onshore trading at 64.11/12.

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