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Yuan, Rupee plummet amidst growing concerns

India Blooms News Service | | Dec 14, 2015, at 05:26 pm

#yuan # Rupee plummet amidst growing concerns

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.

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