Rupee under pressure, 1 dollor goes to 64.96 rupees

1 dollor goes to 64.96 rupees
The rupee reversed early gains to slip near the key 65 per dollar mark against the US dollar on Thursday. It hit a low 64.96 per dollar, a two-year low against the greenback. The rupee last traded around these levels when the country was struggling with slow growth and rising deficits.
Offering in the rupee has heightened in the course of the most recent three days taking after China’s surprising debasement of its yuan coin on Tuesday. The degrading of the yuan has dragged down worldwide value and coin markets, prompting a sharp selloff in the rupee as well.
The rupee is now on course for a sixth straight day of loss. As of 11.00 a.m., the rupee traded at 64.93 per dollar


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