Rupee falls to fresh 13-month low, oil weighs

A man uses an electronic machine to check an Indian currency note at a money... Enlarge Photo A man uses an electronic machine to check an Indian currency note at a money...

Fri, May 16 01:50 PM

MUMBAI (Reuters) - The rupee fell to a fresh 13-month low on Friday as record high oil prices and worries about muted capital flows into a slowing economy increased demand for U.S. dollars.

At 1:42 p.m., the partially convertible rupee was at 42.83 per dollar, a level it last traded on April 12, 2007, according to Reuters data. It had closed at 42.75/76 on Thursday.

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