falling prices of rupee
Rupee Fall May Hit Infrastructure Projects
The current fall in rupee value against the dollar may hit some major future infrastructure projects in Mumbai such as Metro lines II and III. There is an expected 10% rise in project costs, adding more burden on commuters. According to experts, the second line of Metro project between Charkop-Bandra-Mankhurd and the third line between […]
Rupee Depreciation : NRI investors tread cautiously
* More than 45% depreciation in value of the rupee seen since August, 2011 against the US dollar. A US dollar which was fetching Rs.44 in August, 2011 will currently fetches around Rs. 64, which is a gain of Rs. 20 in two years. * Rupee also weakens against other major foreign currencies like the […]
