Indian Rupee below 40 a US Dollar

Money
Today, at the very early hour, the Indian Sensex crossed the 16,000 mark, a 9 year high since May 1998, to bring down the Rupee below 40 against the US Dollar. At 9:45am, the partially convertible rupee was at 39.99/40.00 per dollar after having strengthened to as much as 39.88 before giving up some of its gains.
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