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Rupee forwards slump after RBI head quits

Rupee forwards slump after RBI head quits

Rupee forwards slump after RBI head quits
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By Reuters Dec 10, 2018 6:54:07 PM IST (Published)

Rupee forwards posted their biggest daily slump in more than five years on Monday, after Reserve Bank of India Governor, Urjit Patel, resigned for "personal reasons".

Rupee forwards posted their biggest daily slump in more than five years on Monday, after Reserve Bank of India Governor, Urjit Patel, resigned for "personal reasons".

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The one-month contract was last quoted at 72.62 per dollar compared to a spot market rate of 71.35 percent dollar.
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