The government’s firm decisions to implement FDI in
multi-brand retail leads to Indian Rupee get higher against dollar besides
strident conflict from the opposing parties in the parliament.
The rupee was trading at 54.98/99 to a dollar, its highest
level since Nov. 20. It had last closed at 55.45/46 on Tuesday. The rupee today rose by nine paise to 55.36 against the US dollar.
As now Govt. agreed to vote on its decision to let
foreign supermarkets set up shop in India by 4th and 5th December,
hence there we expects a large hope from the coming decision.
Sensex also hits its highest in nearly 19 months time rose by
to 105.22 points to 18, 947.30 biggest rally
after September.
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