Rupee hit an all-time low on Monday registering 58 against the US dollar. The Indian Currency owes this fall to gains by dollar thanks to not-so-happy looking Chinese data but a much happier US jobs data. The situation may cheer export businesses though imports will only get expensive especially crude oil. After closing at 57.06/dollar on Friday Rupee opened at 57.18 only to touch 58, the lowest ever.
February 15, 2013
March 6, 2013