Thursday, October 23, 2008

Rupee falls to record low as global funds sell stocks

India's rupee fell to an all-time low against the dollar as a decline in stocks prompted investors to sell the nation's assets. The currency dropped for a sixth day. Sales of Indian shares by overseas funds have exceeded purchases

Huge debt redemption pressure could leave rupee a lot weaker

With the $89-billion worth redemptions of short-term debt between July 2008 and July 2009, the rupee could come under further pressure. Most economists have forecast that rupee...

Indian Currency low of 49.51 against US dollar

Rupee tumbles to all-time trading low of 49.51 a dollarThe Times of India 22 Oct 2008, 1150 hrs IST,PTI MUMBAI: The Indian rupee on Wednesday tumbled to its all-time intra-day low of 49.51 against US dollar in the morning trading on fresh dollar demand from foreign banks amid concerns about capital outflows from equity.

Indian Currency Rate

Live rates at 2008.10.23 14:49:35 UTC
400.00 USD = 19,999.92 INR
United States Dollars

India Rupees
1 USD = 49.9998 INR

1 INR = 0.0200001 USD

Indian currency

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