Rupee Falls To 2-Week Low Of 64.20 / Dollar As China Devalues Yuan

Mumbai: The present news from the sensex is that the neighbouring country China on Tuesday announced a surprise devaluation of its currency Yuan.

Rupee Falls To 2-Week Low Of 64.20 / Dollar As China Devalues Yuan :

The value of Indian rupee fell down. According to the sensex report of the last two weeks, the rupee fell to the lowest against the dollar in two weeks on Tuesday, tracking a stronger greenback after China devalued the yuan by nearly 2 per cent.

Rupee Falls To 2-Week Low Of 64.20 / Dollar As China Devalues Yuan

Rupee Falls To 2-Week Low Of 64.20 / Dollar As China Devalues Yuan

The value of the rupee weakened to 64.20 to the dollar, the lowest since July 27, when compared with its previous close of 63.75.

According to the information provided by the sources, the RBI was not spotted supporting the currency. Several traders said that the RBI was not spotted in supporting the currency.