Rupee below 83 not abnormal; currency fluctuation not exclusive to India: Finance Ministry official
The rupee hit an all-time intra-day low of 83.16 to a US dollar on Thursday and settled at a record closing low of 83.10 on Friday. The fall in the rupee made imports on which India is dependent for meeting its oil, electronics and fertiliser, costlier, fuelling inflationary concerns.
The Insiders
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The rupee hit an all-time intra-day low of 83.16 to a US dollar on Thursday and settled at a record closing low of 83.10 on Friday. The fall in the rupee made imports on which India is dependent for meeting its oil, electronics and fertiliser, costlier, fuelling inflationary concerns.
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