Indian rupee touched its lowest level 64.54

Indian rupee touched its lowest level 64.54:On Wednesday the rupee is touched its lowest level 64.54 the falling for rupee continuing from couple of weeks and it may continue up to 70 in one or two month.
while sensex closed  at 17,905.91  by losing the 340.13 points or 1.86% and the Nifty closed at 5,302.55  by losing the 98.90 or 1.83% where as Gold price has been closed at Rs, 31,434.00 by gaining Rs.622.00 or 1.98%  As per market analysts if the rupee  continuous to fall up to 70 in  near future  the Sensex may hit up to 16,300 and the Nifty may down up to 4,560  where as Gold price would go up to 33,000 in this festive and marriage season. Rupee is also losing its value to the British pound  at 100.42.

Based on the rupee the value of equity stocks are losing their base price and the traders are not happy with measurements which are taking by Reserve Bank of India to protect the rupee they are not able to control it.

The Finance Minister Announced some of the measurements to protect the rupee they are not yield in the current market. The fall of Rupee value may continue for some time