BT:Rupee falls to one-month low amid weak global cues
The rupee fell to a one-month low on Friday, extending losses for a third consecutive session, as the dollar strengthened against emerging Asian currencies and as a bout of risk aversion hit local stocks.
The partially convertible currency fell to as much as 62.53 to a dollar, a level last seen on December 4 as against Thursday's close of 62.26/27. It was last trading at 62.51/52.Local shares were down 0.6 percent after falling the most in six weeks on Thursday.Asian currencies were largely weaker with the Philippine peso at a four-month low.
