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Rupee drops to new 1-yr low on weak data

Mon May 12, 2008 12:52pm IST
 
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MUMBAI (Reuters) - The rupee fell to a fresh one-year low on Monday, past 41.80 per dollar as weak factory data raised concerns about a slowdown in Asia's third-biggest economy.

At 12:44 p.m., the partially convertible rupee was at 41.85/86, a level it last hit in April 2007, according to Reuters data and 0.6 percent below Friday's close of 41.60/61.

 
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