Thursday, October 23, 2008
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 www.marketmantra.in
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... http://www.marketmantra.in/Currency.asp
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.
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