Indian Rupee dived to a six and a half month low on Friday morning Sep 22,2017 on the news reports that government is planning Rs 40,000 crore fiscal stimulus to the economy to boost exports, support MSMEs, and expand bank credit, even at the cost of letting the fiscal deficit widen a little.
The Indian Rupee today dropped by 34 paise to a six and a half month low level of 65.15 against the US dollar on frenetic dollar demand from importers and banks.
The early losses in domestic equity markets and unabated foreign fund outflows weighed on the rupee.
The Indian Rupee today dropped by 34 paise to a six and a half month low level of 65.15 against the US dollar on frenetic dollar demand from importers and banks.
The early losses in domestic equity markets and unabated foreign fund outflows weighed on the rupee.
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