Business

Rupee sees biggest fall in 3 weeks on broad dollar gains

September 02, 2014 11:36 PM

The Indian rupee weakened for a fourth consecutive session on Tuesday, dropping the most in three weeks, tracking weaker Asian currencies amid caution ahead of key events including a European Central Bank meeting and U.S. monthly jobs data.

 

Data showing the April-June current account deficit widening from the previous quarter due to rising imports hit sentiment at first, although traders later said the gap was still within the comfort zone.

Sentiment was also soothed after India's balance of payments was in surplus for a third straight quarter in April-June.

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