Rupee falls to lowest in nearly four months
The rupee fell 0.6 per cent at the open on Friday to its lowest level in nearly four months, as investors cut exposure to risky assets amid lingering fears of a global credit squeeze. At 9:01 a.m., the partially convertible rupee was at 41.60 per dollar - its lowest level since late April, and compared with 41.36/37 at Thursday's close when it fell 1.5 per cent.