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Rupee plunges to another all-time low
Tuesday December 13, 2011 11:07:15 AM,
IANS
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Rupee falls below 52 against dollar
The value of
the Indian rupee Monday fell below 52 against the US dollar for
the first time in over two and a half years as demand for the
greenback by importers and
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Mumbai: The slide in
the Indian rupee continued Tuesday, dropping to another all-time
low at 53.21 per dollar intra-day due to fears over a slowdown in
the domestic economy and cascading effect of the sovereign debt
crisis in Eurozone.
The Indian currency had dropped to 52.84 to a dollar Monday after
data on industrial output that reported a decline of 5.1 percent
in October, worse that what industry and experts had earlier
feared.
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Picture of the Day |
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The main
pavilion at Kingsway Camp in 1911 erected for the former
British royalty for the coronation durbar. Three days after
the coronation durbar, the foundation of the new city was laid
Dec 15, 1911. The city was named New Delhi in 1927 and was
formally inaugurated Feb 13, 1931. |
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