An Indian rupee is gradually weakening from the past month. Rupee falls almost 130 paisa in a day against dollar. Now the US Dollar$ touches to a new low of 59.95, just short of the 60 mark.
It weakens set to make crude oil, fertilizers, iron ore, electronic goods etc. making imported components costlier.
Sensex plugins over 526 points, its biggest single day fall in nearly two years.
Things will also become tougher for households as petrol price are going high and electronics prices are gone up due to weakness in the rupee. Its just a shy for us having value of single dollar equals to 60 rupees which are exactly same during the time of independence. i.e.
It weakens set to make crude oil, fertilizers, iron ore, electronic goods etc. making imported components costlier.
Sensex plugins over 526 points, its biggest single day fall in nearly two years.
Things will also become tougher for households as petrol price are going high and electronics prices are gone up due to weakness in the rupee. Its just a shy for us having value of single dollar equals to 60 rupees which are exactly same during the time of independence. i.e.
In 1947
1 Dollar = 1 Rupee
Today
1 Dollar = 59.95 Rupees
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