BLBG:Rupee ends at record closing low of 53.9750 against dollar
MUMBAI: The rupee closed at a new provisional record closing low of 53.9750 to the dollar as global risk aversion spiked and as higher-than-expected domestic inflation data hit stocks by lowering expectations for future rate cuts.
The rupee came very close to falling below the psychologically key 54-level and ended not far from the record low of 54.30 hit in mid-December.
