Rupee weaken may affect asian markets

Rupee eased on Wednesday as weak regional stock markets raised concerns of more capital outflows. for the past one month rupee fallen drastically with dollar($) now it is going to touch 45. it will not be good for asian markets already asian markets are in volatile movement due to several factors.At 9o clock the partially convertible rupee was at 44.88/89 per dollar,Tuesday's close of 44.84/85.and it hit an intraday low of 44.93 on Tuesday, the same situation happened in late November 2006.According to the sources, the rupee had fallen 0.62% this week, taking losses in September to 2.2 percent. It is down 12.3 percent in 2008 after gaining more than 12 percent last year.

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Alisha said...
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