Rupee Closes At Nearly 1-Month Low Against Dollar: 10 Things To Know

INSUBCONTINENT EXCLUSIVE:
to end at 71.47 against the dollar on Wednesday
This is the lowest closing level for the currency since October 15
After opening marginally lower,the rupee fell to 71.54 against the dollar in intraday deal
According to analysts, fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy
Investors also played their bets cautiously in view of country's rating outlook cut by Moody's investors Services last week
Here are 10 things to know about rupee:"Rupee declined for a second day in line with other Asian currencies as fresh doubts
over US-China trade deal and unrest in Hong Kong
Risk sentiment worsened following escalating tensions in Hong Kong and after Donald Trump said the US has not agreed to roll back all
also checked by lower crude prices and a weaker dollar against major currencies overseas.Brent Futures - the global crude oil benchmark -
Validus Wealth, a slight sell off in Indian assets was triggered after rating agency Moody's changed its outlook on India to negative from
stable.Last week, Moody's Investors Service cut India's credit rating outlook to negative - the first step towards a downgrade, saying
the government has been partly ineffective in addressing economic weakness, leading to rising risks that growth will remain
or 0.05 per cent, higher at 40,345.08
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