Rupee plunges further

Mumbai : The Indian rupee continued to slide Tuesday. It dropped to another all-time low of 53.21 per dollar , due to fears over a slowdown in the domestic economy and cascading effect of the sovereign debt crisis in the eurozone.

The Indian currency had dropped to 52.84 to a dollar Monday . This drop is being attributed to data on industrial output that reported a decline of 5.1 percent in October, worse than what industry and experts had earlier feared.

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