Market News
India rupee falls to fortnightly low on Fed's hawkish jolt, outflows - REUTERS
MUMBAI, Oct 30 (Reuters) - The Indian rupee slid to its lowest in two weeks on Thursday as outflows worsened the hit from a hawkish tilt in Federal Reserve policy, which sent the dollar and U.S. Treasury yields higher.
The rupee closed at 88.6950 against the U.S. dollar, down 0.6% on the day, after touching a two-week low of 88.7375 earlier in the session.
India's central bank likely stepped in intermittently, via state-run banks, to limit the rupee's losses but the intervention was not aggressive, traders said.
