India's currency is all-time low against USD

Note: This section contains information in English only.
Source: BBC
© Scanpix/AP

India's currency rupee declined to all-time low against USD forcing the local companies to buy dollar despite worries about global crisis. The rupee decreased to 52.50 to the USD on Tuesday, raising fears about new inflation. At the moment inflation in India has fallen by 14% since the beginning of 2011. Recent decline in the rupee value adds to market uncertainty in the country.

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