Rupee value plunges; biggest fall in a decade

pahuja.chirag

Par 100 posts (V.I.P)
Rupee value is coming down

Times of India:
The rupee posted its biggest fall in a decade on Tuesday, hit by risk aversion and banks arbitraging a weaker offshore rate, although suspected central bank intervention stopped the slide just short of 47 per dollar.

The partially convertible rupee ended at 46.89/90 per dollar, off a trough of 46.99 which was its lowest since July 24, 2006

How do you think this will effect growth?
 

madronny

Par 100 posts (V.I.P)
the depriciation in value of rupee will drastically effect the forex reserves and in turn BoP of india
 

anyzen

Par 100 posts (V.I.P)
rupee depreciated to maximum level because of larger outflow of forex.
It simple demand and supply rule creating ripple effect.
 
Top