Rupee had tumbled to Rs 44.84


Consumers and businesses looking for the best foreign currency exchange rate for their money should consider taking stock of the concerns about the eurozone.

As pressure on US dollar funding rose, some investors were this morning (June 16th) worried that a return of the situation seen during the emergence of the financial crisis was about to occur, reports Reuters.

Safety was sought across Asia and the newswire suggests some experts believed some of the pricing seen "did not make sense" unless there were issues unfolding.

Following news from Commodity Online that in India the rupee had tumbled to Rs 44.84 per US dollar on Monday, its lowest trading level in a week and a response to the fact that shares had performed well.

In Tokyo an FX forwards trader working for a European bank quoted saying: "The market is still very nervous We are seeing a bit of US dollar pressure, but nothing too massive. But anything can happen."

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Rupee had tumbled to Rs 44.84

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