Rupee falls to record low of 50.15 per dollar

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Rupee falls to record low of 50.15 per dollar

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The Reserve Bank of India (RBI) has left all key rates unchanged in its Quarterly Review of the Annual Policy Statement. However the GDP growth rate has been revised down slightly to 7.5-8 per cent, against the earlier estimation of 8 per cent. Governor D Subbarao, presenting his first credit policy after taking over, kept the inflation targets unchanged at 7 per cent. The medium term inflation target has been estimated at 3 per cent.

Source: zeenews