Rupee Nears Record Low as RBI Signals Tightening Steps Temporary

Rupee Nears Record Low as RBI Signals Tightening Steps Temporary

Prashanth Vishwanathan/Bloomberg

The rupee declined 0.9 percent to 61.06 per dollar as of 10:04 a.m. in Mumbai, following a 1.8 percent slide yesterday, according to prices from local banks compiled by Bloomberg.