Rupee breaches all-time lows, ends at 52.83 against dollar

Mangalore Today / NDTV

Mumbai, Dec 12: The Indian rupee has closed at a record low, falling 1.5 per cent to breach the intra-day low of 52.73 against the dollar Monday. It closed at a record low of 52.83 against the dollar today.

Rupee-Dollar

A plunge in industrial output, that ended in the negative zone for the first time since June 2009 affected sentiments. Fears of capital outflows following weak economic data also hurt the currency.

On the global front, the euro dipped in Asia after the European Union fell short of a convincing plan to resolve the debt crisis. The weakness in Euro further added to the pressure on the Rupee. The Euro weakened below 1.33/$ after ratings agency Moody’s warned of EU downgrades.

Write Comment | E-Mail To a Friend | Facebook | Twitter | Print

Comments on this Article
A. S. Mathew, U.S.A.	Mon, December-12-2011, 9:55
By God’s grace, I am an optimistic person, but when we see many red signals in the economy, mere optimism must be reevaluated. The world-wide economic meltdown has landed in India now. The Indian stocks plunged 22%-currency 14%- industrial production way down than predicted-export has considerably reduced; and these negative signals are pointing towards further slide for a few months or more. The whole world is like a family and we are all living in different rooms in many parts of the world, that reality of life is clearly displayed now.

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment	You have characters left.
Security Validation
Enter the characters in the image above