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.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.