Does anyone know what could be the reason for dollar's value increasing in India day by day? Today in India, the current value of 1 dollar is Rs. 63.31 and just last month or so the rate of 1 dollar was Rs. 55 or so. There is also rumors that single dollar might go up to Rs. 70 or above in the month of September 2013. Does anyone know any possible reasons for this much of hike?
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