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Rupee hits over two-month low against dollar

Mumbai, Nov 21: The rupee hit over two-month low on Wednesday against the US dollar after falling for the fourth consecutive session amid fears of a weak Q2 GDP number. The rupee was trading at

India TV Business Desk [ Updated: November 21, 2012 11:06 IST ]
rupee hits over two month low against dollar
rupee hits over two month low against dollar

Mumbai, Nov 21: The rupee hit over two-month low on Wednesday against the US dollar after falling for the fourth consecutive session amid fears of a weak Q2 GDP number.




The rupee was trading at 55.33 levels on 9:35 am, down 0.43 per cent or 23 paise from Tuesday's close of 55.10.

The rupee has also been hit by sustained weakness in Indian equities along with strong dollar-demand from oil companies.

Experts are now calling for the Reserve Bank of India (RBI) to intervene in the forex market and buy dollars to recoup the rupee.

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