Rupees Hit of low of 54.2 and try to close around 53.7. It looks like that Indian Export is weakened and import price is going higher. This would a worst scenario for India since it will make all import too costly like fuels , automobile.
India have to improve its export and make less duty on export . Also RBI have to intervene in this so that rupees should become stronger.
It is just start of recession in all over world and India start facing it now. What would happen if recession will go more deepen.
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