The Troubled Rupee
Rupee slumps to record low; closes in on 60/dollar
The rupee slumped to a record low of 59.9850 on Thursday as India's record high current account deficit is exacerbating its vulnerability in an emerging market rout, although interventions by the Reserve Bank of India (RBI) prevented further falls. Full Article
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Sterling falls to 2-week low against firmer dollar
LONDON |
LONDON Nov 8 (Reuters) - Sterling fell to a two-week low against the dollar on Thursday as fresh talk that Spain is in no hurry to seek a bailout supported safe-haven demand for the U.S. currency.
The pound fell as low as $1.5940, its weakest since Oct. 24.
Against a broadly weaker euro, however, the pound gained. The euro fell as low as 79.73 pence, close to a one-month low of 79.71 pence reached on Wednesday. (Reporting by Jessica Mortimer; editing by Nia Williams)
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