Tuesday, 27 August 2013

Nifty breaches 5,300; Rupee falls past 66/USD

The rupee weakened against the dollar in late trades on Tuesday due to month-end dollar demand, said currency dealers.

Markets slumped further in the afternon session this Tuesday on back of Rupee's free-fall amid growing concerns over the widening current account deficit after Congress-led UPA government approved Food Security Bill.

The rupee weakened against the dollar in late trades on Tuesday due to month-end dollar demand, said currency dealers.

The currency fell to 66 per US dollar compared with Monday's close of Rs 64.31 on the Interbank Foreign Exchange .

At 1:55PM, the 30-share Sensex was down 570 points at 17,988 and the 50-share Nifty slipped 181 points at 5,296.

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