Rupee has now breached 71 for the first time

Modi great neo-fascist talker but hurting economy – his “friend” Trump of no help. On Friday Rupee breached the 71-mark for the first time against the dollar, hitting a fresh low. The weakening of the rupee over the last few days has been attributed to month-end dollar demand from importers, the pressure being on currencies by Turkish lira and Chinese offshore yuan and rally in crude oil.