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Rupee falls to nine-month low on broad dollar strength

Rupee is trading at 62.1850/1900 on Thursday

Mumbai: The rupee slumped to its lowest level in nine months on Thursday, tracking the dollar's strength against major currencies and other Asian peers, while state-owned banks' dollar demand for Iran oil payments also weighed.

The partially convertible Indian rupee was trading at 62.1850/1900 after falling to as low as 62.22 per dollar, its lowest since February 20. Traders expect the rupee to trade in a 61.90-62.30 range during the session.

( Source : reuters )
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