Rupee value plunges; biggest fall in a decade

[pahuja.chirag]

Rupee value is coming down

Times of India:
The rupee posted its biggest fall in a decade on Tuesday, hit by risk aversion and banks arbitraging a weaker offshore rate, although suspected central bank intervention stopped the slide just short of 47 per dollar.

The partially convertible rupee ended at 46.89/90 per dollar, off a trough of 46.99 which was its lowest since July 24, 2006

How do you think this will effect growth?

 

[gaurav_41283]

the depriciation in value of rupee will drastically effect the forex reserves and in turn BoP of india

 

[madronny]

the depriciation in value of rupee will drastically effect the forex reserves and in turn BoP of india

 

[anyzen]

rupee depreciated to maximum level because of larger outflow of forex.
It simple demand and supply rule creating ripple effect.

 

[ashpt33]

nice info............................................