RBI taking steps to check rupee slide: Pranab
"There are a lot of reasons for this (depreciation). There is demand and supply in the market. In the US, there is surplus investment. It used to be a safe haven," he told reporters.
"Europe used to be an important destination for exports, but demand there is uncertain," he said, adding global recovery was "poor and fragile" while oil prices were on rise.
India's fiscal deficit too is widening and is estimated to have touched 5.9 per cent of GDP in 2011-12.
"Because of the cumulative effect of all these reasons the price of rupee is falling down," he added.
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 45483
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.26Views: 45483
Date 26-04-14 4:34
Tooltip Information:Ramdev says Rahul goes to Dalit houses for picnics, Cong. reactsVideo by:Description: Yoga guru Baba Ramdev made a shocking statement on Friday that Congress vice President Rahul Gandhi goes to Dalit houses for picnics and honeymoon. Ramdev who is supporting the BJP in the Elections 2014 made the objectionable comments during a press conference in Lucknow. He attacked Rahul Gandhi's 'single' status saying that Rahul wanted to marry a foreigner but was stopped by his mother Congress Chief Sonia Gandhi. He further went on to say that Sonia Gandhi asked Rahul not to get married until he becomes the prime minister. Meanwhile, the Congress party has condemned the statement.Rating: 4.52Views: 10001
Date 11-04-14 3:09
Tooltip Information:CNN-IBN and Microsoft Analytics Center for LS 2014 ElectionVideo by:Description: Largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to set up an elections analytics center to help decode the Indian electionsRating: 4Views: 3256
Date 10-04-14 0:55
Tooltip Information:Microsoft and CNN-IBN Join Hands to Analysis the LS 2014 Polls TrendsVideo by:Description: World's largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to analyse the Lok Sabha elections 2014 trends.Rating: 4Views: 2715
Date 15 hrs ago 3:49
Tooltip Information:Subrata Roy seeks Wi-Fi, conference room at Tihar JailVideo by:Description: The Supreme Court on Wednesday asked Sahara's lawyers and Tihar jail authorities to agree on a plan for conducting meeting of Subrata Roy and potential buyers of his hotels through video conferencing. The apex court will take up the matter again for hearing on August 1.Rating: 4Views: 20
Date 15 hrs ago 2:26
Tooltip Information:Heavy rains halt life in AhmedabadVideo by:Description: Heavy rains in Ahmedabad brought life to a standstill on Wednesday but cheered people up. The incessant rains that started a night ago clogged city roads, creating huge potholes in them. The rainwater also flooded roads outside Ahmedabad's airport and caused inconvenience to people. People blamed carelessness of local Municipal Corporation for the water-filled roads, uprooting of trees and power shortages. However, rainfall has come as a relief to people trying to cope up with the unbearable summers in India. According to the weather department, monsoon has reached over Gujarat and has lashed most parts of the state.Rating: 4Views: 76