Rupee falls to 23-month low of 65/USD; China weaken Yuan for third day
Updated: Aug 13, 2015 03:05:35pm
The currency had appreciated as much as 12 paise in the early trade, but it could not hold gains as the session progressed. Rupee had tumbled 104 paise, or 1.63 per cent, in the preceding six trading days.
Meanwhile, China weakened its currency for the third consecutive day today. The central bank devalued the reference rate for the yuan -- also known as the renminbi (RMB) -- by 1.11 percent to 6.4010 yuan for USD 1, the China Foreign Exchange Trade System said, from the previous day's 6.3306. (KNN Bureau)