Wednesday, February 17, 2016

Rupee nears record low; volatility surges - Yahoo Finance

Rupee nears record low; volatility surges - Yahoo Finance: "MUMBAI (Reuters) - The rupee fell to near record lows against the dollar on Wednesday, forcing the Reserve Bank of India (RBI) to intervene to stem further falls on a tough day for Asian currencies.

The rupee fell to as low as 68.67 to the dollar, not far from a record low of 68.85 hit in August 2013 when India was struggling with its worst financial turmoil since the 1991 balance of payment crisis."



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