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Thursday, 24 November 2016

rupee value

m(Representative image)
NEW DELHI: As the rupee plunged to a record low today, Finance Ministry said it is closely monitoring the currency movement.

It also indicated that there may not be any direct intervention till it falls below a certain level.

The Indian currency plunged to a new low of 68.8650 to a US dollar, falling past its previous low of 68.8450 reached on August 28, 2013.
The fall was attributed to the worries around the the government's demonetisation of 500 and 1000 rupee notes+ earlier this month to crack down on black moneo

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