Rupee plummets 68 paise to close at 79.21 against US dollar

"Dismal macroeconomic data from India also put downside pressure on Rupee. India Services PMI declined to 55.5 in July from 59.2 in June while Composite PMI declined to 56.6 from 58.2 during the same period."India's trade deficit widened to a record low USD 31.02 billion in July compared to USD 26.18 billion in June," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.

Rupee plummets 68 paise to close at 79.21 against US dollar
"Dismal macroeconomic data from India also put downside pressure on Rupee. India Services PMI declined to 55.5 in July from 59.2 in June while Composite PMI declined to 56.6 from 58.2 during the same period."India's trade deficit widened to a record low USD 31.02 billion in July compared to USD 26.18 billion in June," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.