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Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
The rupee on Monday crashed by 113 paise -- the biggest single-day drop in past six years -- to close at a five-month low of 70.73 due to heavy capital outflows by investors anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
The rupee on Monday crashed by 113 paise -- the biggest single-day drop in past six years -- to close at a five-month low of 70.73 due to heavy capital outflows by investors anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
