The rupee dipped to a 20-month low as foreign investors continued to pump out money from Indian equities and debt markets, amid fears of a ‘sudden change’ in inflation expectations, which gripped the financial markets.
The Indian currency fell by more than one per cent to 64.28 a dollar, compared with its previous close of 63.54, and reached levels last seen in September 2013. The benchmark 10-year Government Securities was traded at 7.97 per cent against 7.5 per cent a month ago. Meanwhile, the BSE Sensex closed at 26599.11 with a loss of 118.26 points.
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