Indian rupee falls further amid Fed stimulus concerns

Tuesday, 20 August 2013 - 17:48


The Indian rupee has fell to a new all-time low against the US dollar, amid concerns that the Federal Reserve will soon scale back its stimulus measures.

It dropped to 64.13 against the US dollar in early trade on Tuesday.

Foreign investors have been pulling money out of India, as the economy has slowed and the cost of borrowing in dollars has risen