BLBG: Rupee Drop After India Factory Output Slows to Less Than Analyst Estimates
India’s rupee extended its fall after a government report showed industrial output growth for August slowed more than forecast in a Bloomberg News survey of economists. The currency fell 0.5 percent to 44.63 per dollar as of 11:12 a.m. in Mumbai, according to data compiled by Bloomberg. It touched 44.64 earlier, the weakest level today, after the data was published.
To contact the editor responsible for this story: V Ramakrishnan at rvenkatarama@bloomberg.net
