The rupee fell on Thursday to its weakest since September 2013, when the country was still in the midst of its worst market turmoil in more than two decades, tracking falls in most Asian currencies against the dollar as oil prices plunged. The falls prompted the Reserve Bank of India to sell dollars through state-owned banks to curb the rupee's decline. The rupee was trading at 67.1350/1425 to the dollar at 9.39 a.m., after earlier weakening to as low as 67.1450, its weakest since September 4, 2013. That was the weakest since the rupee hit a record low of 68.85 in August 2013 when the country was suffering from its worst market turmoil since the 1991 balance of payment crisis. The USD/INR pair had closed at 66.8450/66.8550 on Wednesday.
The Aussie traded weaker after mixed jobs data and the yen gained despite weak core machinery orders in Asia on Thursday. USD/JPY changed hands at 117.45, down 0.19%, and AUD/USD traded at 0.6939, down 0.27%. The People's Bank of China set the yuan's central parity rate against the U.S. dollar at 6.5616 Thursday, slightly stronger than Wednesday's 6.5630.In Australia, the employment change showed a drop of 1,000 jobs, less than the decline of 12,500 jobs seen, and the unemployment rate held steady at 5.8%. The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was quoted at 98.94, up 0.02%.
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