Rupee falls 13 paise to close at 87.71 against U.S. dollar
The Hindu
Rupee weakens to 87.71 against U.S. dollar amid trade war uncertainty, domestic equities slump, and foreign fund outflows.
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Neither the economists at the Finance Ministry, nor the economists at the Reserve Bank of India seem to be unduly perturbed by a steeply depreciating Rupee, as the domestic rate of inflation is well below the tolerable range of 2 to 6%, GDP is growing at a healthy rate of around 8% in the first two quarters of this financial year and agriculture, manufacturing and services are performing according to expectations.
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