finance minister seeks austerity
canadian goose jacket MUMBAI (Reuters) The Indian rupee slumped to a record low against the dollar canada goose uk black friday on Wednesday as the global risk aversion added pressure on a currency already under fire from the country current account and fiscal deficits. canadian goose jacket
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buy canada goose jacket The rupee fell to canada goose store a record low of 54.52 to the dollar, well below its previous record low of 54.30 hit in December. buy canada goose jacket
Analysts expect the rupee, which ended trade at 54.51, to remain under pressure, given the continued concerns that Greece may pull out of the euro zone and the challenges at home.
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The government also included a controversial set of taxation proposals for foreign investors.
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buy canada goose jacket cheap Mukherjee promise Canada Goose Online of austerity measures on Wednesday failed to convince investors, especially as policy making is expected to stall in the run up to general elections in 2014. buy canada goose jacket cheap
canada goose store government has been only talking about fiscal buy canada goose jacket consolidation but there are no steps at all, nothing being done to reduce the fiscal deficit, said Rupa Rege Nitsure, chief economist at Bank of Baroda. canada goose store
The RBI thus faces a steep battle in defending the currency, even as a weaker rupee threatens to push up inflation, though traders say they do not rule out more aggressive actions.
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Canada Goose sale Additional reporting by Nigam Prusty; Writing by Rafael Nam; Editing by Aradhana Aravindan, Neil buy canada goose jacket cheap Fullick and Ron Popeski Canada Goose sale.