Rupee slips below 63 against dollar; stock markets tumble

Tags: bangalore-buzz-bangaloreBombay Stock ExchangeBSE SensexCapital controlDeloitte Touche TohmatsuFinanceGovernment of IndiaIndiaIndianIndian RupeeKaushik BasuMumbaiNew DelhiP. ChidambaramReserve Bank of Indiarupee against dollarrupee fallrupee lifetime lowRupeeAgainstDollarRupeeFallRupeeLifetimeLowstockstock marketStockMarketstocks

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Mumbai/New Delhi, Aug 19 (IANS) The Indian rupee hit another record low Monday, slipping below 63 against a dollar for the first time, and key indices of the stock markets dropped sharply for the second straight session, despite a slew of measures announced by the central bank and the government to defend the currency. The rupee posted its biggest single-day loss in nearly two years. It slumped by 2.3 percent, the biggest loss since Sep 22, 2011. The partially convertible rupee slipped to a ...

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