UPA govt is breaking its own record, Rupee falls to a record low, economy goes from bad to worse
August 06, 2013
New Delhi, 6 August 2013
The Congress-led UPA government is breaking its own record.
The rupee fell to a record low on Tuesday. A currency has lost 12.6 percent since the start of May. The partially convertible rupee fell to 61.5125 to the dollar, smashing through a previous low of 61.21 hit on July 8.
Tuesday’s 1 percent drop was the steepest among Asian currencies.With a decline of 10.6 percent since the start of the year, the rupee is the worst performer in the region.
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