Wednesday, 30 May 2012

Lowest value of Rupee against U.S Dollar

Today the value of Rupee falls down to 56.23 against U.S Dollar. This is considered as the record fall of the value Rupee.

Adverse effect of Currency value affects importers badly. They have to pay more Indian Money for their importing items. This may increase the price of such items in India. The recent petrol price hike is one of the best examples. This petrol price hike fuels the prices of other commodities.

This decreasing value of money gives more profit to the people those who get their income in U.S dollar. They will get comparatively more money. But the price hikes of other commodities affect them also

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