Rupee Comes Down to Finance Minister's Age

August 28, 2013 11:46
Rupee Comes Down to Finance Minister's Age

Indian Rupee made a record fall nowadays every day.   The Exchange rate now has come down to such a low level that we have shell down Rupees 68.70 to get 1 American Dollar and the number is equal to the age of the Union Finance Minister.  Incidentally the Finance Minister P.Chidambaram was born in 1945.  The fall of Rupee in the current year is the worst since 1993 dropping by 19.2%

Stock Market is trading in losses.  SENSEX is down by 300 points and NIFTY by 100 points.  Similarly Gold and Silver prices also boosted.  10 gms of Gold reached Rs.32730 and 1 kg Silver to Rs.56670.  

There are also doubts in the market that the story of fall of Rupee may not end here.  The burden on the Government due to implementation of the Food Security Bill is also worrying the economists.


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