Rupee is trading at 60.37/38 and Nifty down 0.5 per cent on global risk aversion
Picture for representational purpose (Photo: DC archives)
Mumbai: The rupee falls to a session low of 60.46, its lowest since June 18, as sentiment for emerging markets sours after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors into defensive assets.
The rupee is trading at 60.37/38 compared with its Thursday's close of 60.18/19.
USD/INR faces good resistance at 60.50 levels, which mark the 76.4 percent Fibonacci retracement level of the April-May election-related dollar decline. Indian shares fall, with the 50-share Nifty down 0.5 per cent on global risk aversion.
( Source : reuters )
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