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10 Sep 2008

3 reasons for fall in Indian Rupee against dollar

1. Infosys guys must be having a party as rupee has hit 45 per dollar levels and is currently trading slightly above it.

2. Moreover the chances exist where rupee can even fall to the level of rs 45.50-45.60 per dollar.

3. It is now highly possible that RBI will act as free fall of Rupee will not be acceptable to them.

4. The basic reason for fall in rupee vrsus dollar is due to strong dollar, weak equities and no dollar inflows into the market.

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