Rupee free-falls continues, breaches 67/dollar

The rupee fell below the 67 per dollar mark on Wednesday as uncertainty over a possible US-led military strike against Syria knocked down Asian equity markets and currencies, also pushing the domestic benchmark bond yield to 9%.

The partially convertible rupee was trading at a record low of 67.40/45 per dollar, sharply below its close of 66.24/25 on Tuesday.

The currency has fallen more than 6% so far this week.

The benchmark 10-year bond yield was up 22 basis points at 9%.

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