Indian Rupee fall to 50.15 per dollar
October 25th, 2008 by The Online Reporter
International economic crisis finally starts affecting Indian rupee because Indian rupee has fall to record level of 50.15 per dollar on Friday October 24 2008.
Commerce minister Kamal Nath said, “The rupee slide is an aberration. It is arising out of dollar flows out of India. The rupee will find its level in due course.” A senior banker said as Americans are buying dollar to meet their cash requirements at home during present crisis, dollar has appreciated against most of the currencies world over.
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