Indian rupee falls to lowest level since Sept 2013
MUMBAI, August 12, 2015
The Indian rupee fell sharply on Wednesday to touch its lowest level against the US dollar since September 2013, as China’s move to devalue the yuan sparked fears of a global currency war.
The partially convertible rupee fell to 64.66 per dollar shortly after trading opened. The rupee was trading at 64.65/66 per dollar by 0337 GMT, weaker than its 64.19/20 close on Tuesday.