The Indian Currency "Rupee" is continues to be weaken in the international market and on Thursday, it touched the historical lowest level of 60 as against US dollar. However, it showed some strength and surge marginally.
At 12:00 p.m. on 20th June Rupee was trading at 59.72 as against US dollar.
The sharp fall of 83 paisa in a day also hit the Indian bourses as the index of Bombay Stock Exchange (BSE) Sensex fell to 400 points and currently trading at 18,855 points while Nifty - the index of National Stock Exchange (NSE) fell to 130 points.
According to several dealers, the Reserve Bank of India - the master bank of India - has likely sold dollars via state run banks that check the fall of rupee.
The experts also believe that the continuous fall in the data of China's factory activity has also hampered the global market which too hit the Indian market.
China's factory activity data has showed 9-month fall in June.
Rupee has fallen 7% since first week of May on account of pulling out of whopping USD 3.9-b from the debt market.
Meanwhile, Finance Minister P Chidambaram held a meeting with his top civil servants about the fall of the rupee.
Chief economic adviser Raghuram Rajan said that regulators are watching the situation with rupee closely.
--With Agencies Inputs--
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