Wednesday, August 28

Reasons why the rupee is falling every day

The rupee fell past 69 to the dollar to a record low on Wednesday, plunging as much as 4 per cent to hit 69.08, The rupee has fallen by 9 % in the last few trading sessions. Here are 10 main reasons that experts say are responsible for the Indian rupee -- which has depreciated as much as 20 per cent this year -- to touch new lows each passing day:
  • Food Security Bill, after it got passed in LS day before yesterday, Rupee took it for a ride and fall got accentuated from past 2 tradign session. It is an ambitious program by Sonia Gandhi which Indian Economy is not willing to bear.
Low forex reserves: India's foreign exchange reserves are enough to cover imports of only seven months. The forex reserves have declined in the recent months. Due to low

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