Reuters Market Eye – The rupee is trading at 61.6150 against the dollar vs the previous close of 61.41/42. Weaker rupee makes it outlier given Asian currencies are trading broadly higher against the dollar. Traders cite concerns after India’s trade deficit widened in September. Data raises concerns about the current account deficit. (Full story http://in.reuters.com/article/2014/10/14/india-economy-trade-idINKCN0I31HP20141014) But USD/INR gains are seen capped by broad losses in dollar. …
Source: https://in.news.yahoo.com/rupee-falls-trade-deficit-raises-concerns-044112346–finance.html