TI:Rupee hits fresh 2-1/2 year low on shares, euro
MUMBAI: Rupee fell to its weakest level in nearly 32 months on Tuesday, dragged by a decline in the euro and persistent dollar demand from oil importers.
At 10:10am (0440 GMT), the partially convertible rupee was at 50.65/66 per dollar, after hitting 50.71, its weakest since March 31, 2009. The unit had closed down 0.3 per cent at 50.285/295 on Monday. It has lost 13.5 per cent from its strongest level this year in late July.
* The euro dipped on Tuesday, stuck near the bottom of a recent trading range after a rise in Italian and Spanish bond yields underscored the challenges facing Europe as it tries to contain the region's debt crisis.
