India should knock the doors of IMF in order to arrest rupee’s plunge.
To bring back rupee to 55-level will be an uphill struggle.
The weakness in Indian rupee has made imports expensive.
Tamil Nadu CM J Jayalalithaa slammed the Centre on the issue of rupee depreciation and said the latest petrol price hike spurred by the weak currency showed Congress-led UPA`s "administrative incompetence and incapability."
Indian Rupee has depreciated nearly five percent against the US dollar since the start of this calendar.
The current weak outlook on rupee portends bad for macro-economy.
The global cues are playing a big role in the rupee movements.
The Indian economy and its currency in a more liberalised environment and an integrated globe get affected by negative international factors.
Day in Pics: 19th December
Showbiz World - December 19, 2014
People Magazine Awards 2014