Rupee slips to 61.95/dollar on risk aversion, China PMI

The rupee was trading lower at 61.88/89 versus Friday's close of 61.75/76. It fell to 61.95 in early trades. Global risk aversion on geopolitical tensions in Ukraine were weighing on most Asian currencies.

China manufacturing PMI hit a seven-month low, further hurting risk currency sentiment.

India's December GDP came in at a below expected 4.7 per cent, data released after market hours on Friday showed. India's January manufacturing PMI will be released today at 10.30 p.m.

The Japanese yen rose across the board on Monday while investors gave risk currencies such as the Australian dollar a wide berth as Ukraine mobilised for war after Russia's President Vladimir Putin declared he had the right to invade the neighbouring country.

Copyright: Thomson Reuters 2014