The Indian rupee marks an all-time low dragged shot by the euro crisis

Pranab Mukherjee, Minister of Finance of the India.

The Indian rupee reached a new historic low against the dollar on Wednesday caused by the effects of the crisis in the eurozone.

The Indian Finance Minister, Pranab Mukherjee, noted that the downward trend has to do with the crisis of the euro that is affected to the Asian markets.

Mukherjee commented that India requires strong austerity measures and enhance growth.

On Wednesday, the rupiah registered a 54,44 per dollar and does not preclude reach age 55.

Analysts expect the rupee appreciating further by the slowdown of economic growth and the fiscal deficit of the Asian giant.

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