Rupee weakens below 65.50/USD to lowest since September 2013

The rupee fell to as low as 65.50 to the dollar on Thursday, its lowest since September 2013, tracking losses in Asian currencies after a slump in Chinese equities reinforced concerns about the world`s second-largest economy.

Mumbai: The rupee fell to as low as 65.50 to the dollar on Thursday, its lowest since September 2013, tracking losses in Asian currencies after a slump in Chinese equities reinforced concerns about the world`s second-largest economy.

The rupee was at 65.4750/4800 at 03.33 pm (1003 GMT), compared with its close of 65.2650/2750.

The Shanghai Composite Index lost 3.4 percent, in a new stumble that underscored fragile investor confidence in the market and pushed emerging Asian currencies lower.

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