Rupee plunged to a record all time low of Rs.59.98 to the dollar
on 20th June.
The slide of the rupee has caused foriegn investors to offload shares
upto Rs.2094 crore and the stock market suffered the biggest single
day loss in 21 months.
The rupee,s slide will take a toll on capital intensive sectors,firms with
Foriegn borrowings and those dependent on imports.
Last week the oil companies had hiked the petrol price by Rs.2 a litre
due to the depreciation of rupee which has caused price rise of all the
Essential commodities.