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Second Biggest Fall in Rupee

The rupee value has gone down to 49.58 rupees. Earlier it was 48.34 rupees. A steep decrease of 124 Pisa has shocked investors. And this is the largest decline after two years.

Dropped by 124 pisa it may further go down, which automatically add to the burning issues in the country like inflation, fuel prices, banks rate and etc.

All the imports are going to be more expensive including oil and general commodities. However it is a good opportunity to Indian exporters as they get more profit and it also encourages overseas workers to send more money and invest in domestic business.

Foreign exchange dealers opined that further situation is going to be more dangerous. Despite the down grade in US the value of the dollar has gone up because of the Europe crisis. Investor feels US dollar is relatively better than the Europe.


Fri 23 Sep, 2011,8:55:58 AM

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