Indian Rupee falls to 63.16 Per Dollar

The Indian Rupee weakened to 63.16 per dollar on Tuesday, April 21, 2015 – a three and a half month low – as concerns over retrospective taxation loomed among foreign investors.

Weak Asian peers and broad dollar strength added to the pressure on the rupee.

The Reserve Bank of India fixed the reference rate for dollar at 62.5633 and for the Euro at 67.4933.

The rupee dropped further against the pound sterling to 93.87 from 93.65 last Friday and also moved down against the euro to 67.55 per euro from 66.32, previously.

It also fell against the Japanese currency to 52.85 per 100 yens from 52.52 previously.

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