Rupee drops, at risk of slipping below key level on risk aversion

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Key Points

MUMBAI, Aug 2 (Reuters) - The Indian rupee declined on Wednesday on risk aversion fuelled by the U.S. credit rating downgrade, putting the currency at risk of slipping below a key level...

U.S. equity futures and Asian shares declined following the U.S. credit rating downgrade, boosting demand for safe-haven dollar...

Futures on the S&P 500 Index were down 0.5% after ratings agency Fitch on Tuesday downgraded the U.S. long-term foreign currency ratings to AA+ from AAA, reflecting likely fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations...

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