'Abroad' just got costlier. Here's how it will hit you

The rupee has been hogging all the headlines this week. On Tuesday, it broke past its previous all-time low of 52.19 against the dollar to hit 52.72, a new lifetime low.

November 22, 2011 / 17:59 IST

The rupee has been hogging all the headlines this week. On Tuesday, it broke past its previous all-time low of 52.19 against the dollar to hit 52.72, a new lifetime low.

The outlook remains gloomy for the currency, with most experts expecting the rupee to slide even further, perhaps to 56, against the greenback in the short term.

So what does this mean for you? The rupee

first published: Nov 22, 2011 02:44 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347