India's rupee falls to a record low of 56.410 against the dollar ahead of a government report...

|By:, SA News Editor

India's rupee falls to a record low of 56.410 against the dollar ahead of a government report expected to show GDP expanded 6.1% last quarter, matching the previous quarter's growth but still the slowest pace since 2009. The RBI is seeking a return to "trend growth" of 7-7.5%, but in the meantime the rupee may be vulnerable to dropping faster than other emerging-market currencies.