Rupee hit a new low against the dollar on Thursday (1 $ = 60 INR ) after the US Federal Reserve said it could start to reduce stimulus measures for the US economy.

Rupee may go even to more low levels, I was reading analysis and it was said that if economic conditions remained same then it may go down to 70 levels.
It is really bad, if that happens we will see inflation soaring at even higher rates.

If it goes more higher then we have big trouble of Inflation.

Indian rupee recovered against the dollar and recover to 60.40, Yesterday it was closed on 60.76,

Indian rupee recovered against dollar and closed on 59.51 ..

Originally Posted by Savera

Rupee may go even to more low levels, I was reading analysis and it was said that if economic conditions remained same then it may go down to 70 levels.

1 USD = 70 INR .. Indeed that would be a very worse condition and bad news for economy. Only people who would be rejoicing at this would be the BPO industry or exporters who would get more money for their services as they deal in USD currency.

Current situation on 1 USD = 59.43 INR, looks good sign for economy.

Just for better understanding.. what according to experts should be the ideal rate between INR and USD?

Rupee fell to 60.03, due to strong demand of dollar intraday trade afternoon

Rupee is going record low, Dollar has dominated rupee

Coal India reversed initial losses triggered by weak Q1 result. Bank stocks declined, with ICICI Bank, State Bank of India (SBI) and Bank of Baroda (BoB) hitting 52-week low. The market breadth, indicating the overall health of the market, turned positive from negative.

The BSE Sensex was 43.82 points up at 19207.84 & The CNX Nifty was 8.30 points up at 5686.20. The Indian Rupee was 0.41% strong against USD.

Rupee fell all time low 61.80 on Tuesday. The BSE Sensex was 38.41 points down at 18694.63 & The CNX Nifty was 14.20 points down at 5528.05. The Indian Rupee was was 0.92% week against USD.

The rupee fell as much as 2.2% to 65.56, heading for a sixth straight session of declines, and is down 16% so far this year. I wonder what will happen ?

Rupee is going down and down... It might reach or pass 70. This will bring huge inflation, Government must do something.

Its already effecting things. Govt. has increased import duties on Gold, it may in turn encourage Gold smuggling.. Why Govt. is not trying to encourage exports.. ?.. that way only things can get balanced.