Sunday, March 1, 2009

Rupee falls to record low

Due to the fear of continued capital outflow from the stock market there was the biggest fall of the rupee in the history by touching a low of 51.55 per Dollar when the market opened on monday morning. Till now it has lost nearly 5.5 percent this year. Even the sensex opened in the red when the markets opened, so all eyes are now on Reliance as news of its merger are on the air.

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