Yet another all-time low: Rupee slides 56.38 vs dollar

May 24, 2012 11:06

The Rupee continues to fall today, hitting another all-time low of 56.38 against the US dollar. Yesterday, the rupee crashed below the psychological level of 56 against the dollar to yet another all time low on heavy demand for the American currency from importers, especially oil refiners, amid foreign fund outflows and weak equities.

On Rediff.com: Rupee has fallen by over 202% vs US$ since 1990! Read

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