Rupee is weakening

@lak2jai (806)
India
October 5, 2008 5:36am CST
Now rupee is weakening after launching of currency futures. till that time rupee was stable. Now once again currency futures trading is introduced in MCX also from 07th october 2008. Then it is widely said rupee will weaken further and reach 48 to 48.50 per dollar. In this circumstances is it necessary to introduce currency futures in our country
1 response
Sir_bobby88
@Sir_bobby88 (8231)
• Singapore
5 Oct 08
Well this is bbecause the country is weakening and i believe the us economy plays a big part of it yea .