News

Yuan, Rupee plummet amidst growing concerns

by IBNS 13 Dec 2015, 09:01 pm

New Delhi, Dec 14 (IBNS) The Indian Rupee sank further to hit a new low against US Dollar in the last two years, according to reports.

The Rupee, which now stands at 67.09 against a Dollar, had recorded its lowest point since September 2013.

Also following suit is Chinese Yuan, which hit a new low in 4 and a half years.

The drop is partially due to the plunging oil prices.

The Rupee might take a further dip, if China devalues the Yuan.