This is a discussion on Rupee value plunges; biggest fall in a decade within the HOT Debates - The Big Fight forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Rupee value is coming down
Times of India:
The rupee posted its biggest fall in a decade on Tuesday, hit ...
Rupee value plunges; biggest fall in a decade -
September 16th, 2008
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?
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Warm Regards,
Chirag Pahuja
ICFAI Business School, Bangalore
"iF yOu waNt tO SurViVE, YoU NeEd tO HiT tHE BuLLs eYe !!!!"
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