Finance ministers and central bank moves to
neutralize statements of the rupee against the dollar has become completely
uncontrollable. With a record breaking 66 rupee so far gone beyond. The rupee
was at 66.06 against the U.S. dollar. This is by far the lowest level of Rs. Earlier on Thursday, the bucks recorded a decline was recorded when it closed at 65.56.
The BSE benchmark Sensex fell over 600 points
slipped below the psychological level of 18,000. However, some fall short while
later it began to down more than 550 points. Brokers said continued weakness in
the rupee against the dollar and a sharp fall in the money stock market 104 day
become demoralized. Forex dealers said the strength
in the dollar and in local markets abroad last oclock dearly from rupee on the
notion of negative impact.
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