RTTN:Indian Rupee Plunges To New Record Low Against U.S. Dollar
The Indian rupee lost ground against the U.S. dollar in morning deals on Monday, as better-than-expected U.S. jobs growth reinforced concerns about Fed tapering its asset purchase program in the coming months.
The rupee broke the key 61 mark against the greenback, reaching an all time low of 61.205. The rupee thus lost almost 1.6 percent against the greenback from Friday's close of 60.23.
