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Rupee hits 6-month low against dollar
India, Aug. 13 -- Indian rupee fell to nearly 6-month low against dollar on Tuesday, amid rising geopolitical tensions across the globe. Market participants were cautious as the government data showed that India's factory output growth, measured by the Index of Industrial Production, slowed down for second straight month to 2.0% in June 2019 as compared to 7% in June 2018 & it is also lower than 3.1% in May 2019. Traders also remained wary ahead of Consumer Price Index (CPI) data for July scheduled to be released today. Heavy selling in domestic equities also kept pressure on the Indian rupee. Besides, dollar weakened against other currencies overseas failed to cast any impact on the rupee. On the global front, yen stood near a seven-month ...
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