Saturday, August 24, 2013

Rupee Hits Record low

Take measures to increase the Reserve Bank's liquidity ratios of the trick has changed one rupee against the dollar. on Friday it thirty-five bucks bucks bucks bounced the second largest edge. to strengthen the stock market booming, RS. business finally closed at a price of $ 63.21 RS. on Thursday the Indian currency has so far touched its lowest level was $ 65.56 per same. British pound costs two bucks dropped 98.49 per pound on.

Finance Minister p. Chidambaram to the bucks the past days under value and the Reserve Bank has told enough foreign exchange reserves to handle. against the dollar helped the international monetary market, RS. strength in the euro against the dollar. India Forex advisors CEO Abhishek Goenka said the Government and Reserve Bank moves to handle more bucks in their statements.

The rupee against the dollar in the market on Friday was open later on weak 64.30 public banks hit the market price of RS from strongly according to market pundits., these banks have sold $. given the seriousness of the Government and the Reserve Bank some companies also began selling dollars in the market. investment bank Barclays, also the country's current account deficit decreased from $ 80 billion to $ 68 billion are estimated to be By this study. Barclays worked in favor of the bucks.