Three reasons why Rupee is falling against Dollar

India Inc is petrified at the prospect of the rupee tumbling to a level below 80 against the US dollar. The Indian currency on Monday plunged to a record closing low of 77.53 to the dollar, and a deep dive to 80 will wreck industry’s cost and profit projections.

The Telegraph spoke to a few experts, and their view was that the domestic currency might hit the 80 mark in the second half of this calendar year, if crude prices continued to play truant. In the first half, the worst-case scenario is that the rupee might slide to 79 against the dollar.

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