Indian rupee slump to promp bank intervention | GulfNews.com:
"India’s rupee slumped to a new record low to the dollar on Tuesday, prompting suspected central bank intervention, amid fears that measures to stabilise it and kickstart the economy will not work.
Asia’s worst-performing currency this year slid to Rs64.13 (Dh3.7) to the dollar in morning trading, past its previous low of 63.22 the previous day.
Two suspected interventions by the Reserve Bank of India (RBI) to sell dollars saw the rupee retrace slightly to 63.19, dealers told AFP on condition of anonymity."
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