Rupee hits all time low 65.75 against US dollar on Tuesday 27 Aug 2013

Indian Rupee remained continues under pressure to hits all time low 65.75 change 1.41 Rs or 2.20 per cent on Tuesday. Today opened 64.98 Rs after closed 64.33 Rs on Monday.

Finance Minister Palaniappan Chidambaram said on Tuesday the government would stick to its fiscal deficit target for the year, while announcing cabinet approval of power and infrastructure projects worth 1.83 trillion rupees ($28.38 billion).

The Rupee is higher year to year since 1947 to continue…….

Year

USD/INR

1947-64

1-4.76

1964-66

4.76-6.35

1966-77

6.35-8.73

1977-79

8.73-8.12

1980-84

7.86-11.36

1984-89

11.36-16.22

1989-1990

16.22-17.50

1991-96

22.74-35.43

1996-97

35.43-36.31

1997-98

36.31-41.25

1998-2004

41.25-45.31

2004-13

45.31-65.75