India’s Rupee Plunges to Record as Fed Risk May Worsen Outflows

India’s Rupee Plunges to Record as Fed Risk May Worsen Outflows

Prashanth Vishwanathan/Bloomberg

The rupee fell 1.5 percent to 61.1475 per dollar as of 9:30 a.m. in Mumbai, according to prices from local banks compiled by Bloomberg.