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Indian rupee falls as Asian stocks tumble

Thu Sep 18, 2008 9:20am IST
 
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MUMBAI, Sept 18 (Reuters) - The rupee eased on Thursday as the fall in Asian stocks raised concerns of more capital outflows but suspected intervention by the central bank curbed further drop.

* Asian stocks fell 3-4 percent, with emergency actions by central banks and governments around the world failing to ease a financial crisis that has sent investors fleeing to gold and government bonds. [ID:nSP193956]

* At 9:08 a.m., the partially convertible rupee INR=IN was at 46.64/68 per dollar, lower than Wednesday's close of 46.33/35. It opened at 46.75 per dollar on Thursday. (Reporting by V. Ramakrishnan; Editing by Harish Nambiar)

  Smoke and fire billows out of the Taj Hotel in Mumbai November 27, 2008.   REUTERS/Jayanta Shaw
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