The Indian rupee fell to its lowest in a month as local stock markets saw their biggest intraday plunge on global concerns, leading to fears of foreign fund outflows.
The spot rupee ended lower at Rs 39.55 per USD as against its previous close of Rs 39.30.
The government bond prices ended slightly higher as dealers perceived the cash crunch in the banking system to have eased.
The widely traded 7.99%, 2017 paper ended higher at Rs 103.01 as against its previous close of Rs 102.96.
European mkts trading lower; FTSE down 2.9%
European markets are trading lower mirroring weak Asian and US cues. FTSE 100 was quoting at 5,730.50, down 171.20 points or 2.90%
CAC was down 208.40 points or 4.09% at 4,884.00. DAX was trading at 6,896.21, down 417.96 points or 5.71%.
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