why India currency dip to a low of 60 Rs against Dollar . America Economy and Industries Out sourcing project had made a remarkable growth in this year 2013 . The changes in the Economy is its policy to hike interest rate on foreign investment in financial institutions in the country result lot of investors to invest in US resulting the decline of the Rupee. The recent decline the chinese economy also resulted lot of people to invest in the US economy than in Asia . As India had reduced the interest rate to reduce inflation in the market . The RBI decision to strenghthen the indian Economy had resulted the Rupee to become 59.5 Rs per dollar indian stock market will take another two or three years to rise , as the share value of all the companies had declined due to Rupee decline to dollar
Posted on: Tue, 25 Jun 2013 03:31:12 +0000
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