Indian Rupee falls 1.5% to record closing low

Reuters: The rupee fell 1.5% to a record closing low on Tuesday as traders worried that the country’s current account deficit made the currency especially vulnerable to any scaling back of the US Federal Reserve’s monetary stimulus.  The partially convertible rupee closed at 58.77/78 per dollar, surpassing its previous lowest close of 58.39 seen last week. It had closed at 57.87/88 on Monday.