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Indian Rupee Declines To 10-day Low Versus U.S. Dollar

01:29, 23rd July 2012

(RTTNews) - In early deals on Monday, the Indian rupee has been falling against the U.S. dollar as Greece woes resurfaced.

Greece's troika of international creditors - the European Commission, the European Central Bank and the International Monetary Fund - will reach Athens tomorrow to see whether it has implemented all agreed reforms and budget cuts as per the bailout terms of its international agreement.

The rupee slipped to a 10-day low of 55.785 against the greenback with 56.00 seen as the next downside target level.

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