Tuesday, August 27, 2013

Shake the record fall in the rupee market, the Sensex lost 550 points


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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