Indian rupee breaches 68/dollar; no RBI intervention seen

The Indian rupee breached 68 against the dollar, after hitting an intraday high of 66.27 in afternoon trade.

Aggressive intervention by the Reserve Bank of India (RBI) had helped lift the rupee off its low late last week. It has depreciated around 16 per cent since May, and has fared worse than other emerging market currencies that have been hit since the US Federal Reserve first hinted that it was considering tapering off its bond buying stimulus.
The currency is down 2.3 percent in the last two sessions.