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Rupee drops 34 paise to 66.48 against US Dollar

Last Updated: Monday, August 31, 2015, 22:08

The rupee declined by 34 paise to close at one-week low of 66.48 against the US dollar on persistent month-end demand for the American currency from importers despite a lower greenback in the overseas market.

Economic growth slows to 7% in April-June quarter

Last Updated: Monday, August 31, 2015, 19:34

Reflecting a muted performance, the GDP growth slowed to 7 percent in the April-June quarter, from 7.5 percent in the previous quarter, amid deceleration in farm, services and manufacturing sectors.