Monday, December 12, 2011

Rupee plunges to another all-time low

The slide in the Indian rupee continued Tuesday, dropping to another all-time low at 53.21 per dollar intra-day due to fears over a slowdown in the domestic economy and cascading effect of the sovereign debt crisis in Eurozone.
http://ummid.com/news/2011/December/13.12.2011/rupee_hits_to_new_low.htm