Rupee Falls to 2-Week Low of 64.20/Dollar As China Devalues Yuan

Mumbai : The rupee fell to the lowest against the dollar in two weeks on Tuesday, tracking a stronger greenback after China devalued the yuan by nearly 2 per cent. The rupee weakened to 64.20 to the dollar, the lowest since July 27, compared with its previous close of 63.75. The RBI was not spotted supporting the currency, several traders said.