News X: The rupees has now fallen 50% compared to three years ago
- 5 years ago
America's cut in financial support to markets is also hurting the rupee.
The impact on the stock market has been severe the sensex has tanked over 325 points to dip below 18,000 level for the first time in almost a month
The rupee has fallen almost continually over the past 25 years in 1988 the rupee stood at 16 against the US dollar its now at 64. But the govt is still insisting it will discover the magic bullet that will arrest the rupee's slide.
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The impact on the stock market has been severe the sensex has tanked over 325 points to dip below 18,000 level for the first time in almost a month
The rupee has fallen almost continually over the past 25 years in 1988 the rupee stood at 16 against the US dollar its now at 64. But the govt is still insisting it will discover the magic bullet that will arrest the rupee's slide.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive