Why Indian rupee is falling against the US dollars
Todays Paper Gallery Video Photo Story Home Market Why Indian rupee is falling against the US dollar By: FE Online January 21, 2016 3:14 PM The rupee started at just above 66 on January 1, 2016 but since then has been moving sharply downwards with the currency crossing the 67 level on the January 14, 2016 and the 68 mark on the January 20. Like the stock markets, the Indian rupee has been witnessing turmoil against the dollar ever since the beginning of this year. The Indian currency tested the 28-month low of 68 against the dollar on Wednesday, last seen in September 2013. The domestic unit opened lower at 67.77 per dollar on Wednesday as against Tuesday’s closing level of 67.65 and breached 68 level for the first time since September 4, 2013, to hit intra-day low of Rs 68.07, down 42 paise and closed at 67.95/96 against the dollar. The rupee had hit the record intra-day low of 68.85 in...