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Rupee falls to new 13-mth low

Wed May 14, 2008 1:31pm IST
 
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MUMBAI (Reuters) - The rupee fell to a fresh 13-month-low on Wednesday as record-high oil prices, growing worries about a slowdown in the economy and a deteriorating current account deficit spurred demand for U.S. dollars.

At 1:17 p.m., the partially convertible rupee was at 42.55/56 per dollar, a level it last traded on April 13, 2007, according to Reuters data. It had closed at 42.10/11 on Tuesday.

 
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REUTERS POLL

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Nuclear deal
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Symbol Bid Ask
BRENT CRUDE $0.00 $0.00
GOLD $0.00 $0.00
SILVER $0.00 $0.00