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Rupee down 26 paise vs dollar in early trade

Tweet PTI | A pr 9, 2012, 10.47A M IST MUMBAI: The rupee declined by 26 paise to Rs 51.37 per dollar on the Interbank Foreign Exchange in early trade on Monday on increased demand from importers for the American currency. Besides dollar's gains against other currencies overseas and a weak opening in the equity market put pressure on the local currency, traders said.

The two countries are worlds largest democracies. both committed to political freedom protected by representative government. India is also moving gradually towards greater economic freedom. The US and INDIA have common interest in the free flow of commerce and resources including through the vital sea lanes of the Indian ocean. They also share an interest infighting terrorism and creating strategically stable Asia.
According to a report, India will be the largest economy in the world by 2050. This report says that Indian economy will likely to lead the world by surpassing China and US. That is really a Great news for Indian stock market and for all Indians.