This is actually not a dis-heartening news, we can tolerate till 70. Moodys once announced that Dollar at 70 will be much more beneficial for India than stronger Rupee. India is weak in exports, once the exports is raised and imports are curbed, domestic consumption will be taken care by domestic products which will be an actual boost for Indian economy.

Indian rupee has declined 15 paise against US Dollar today, the reason behind the same has been noticed because of fresh dollar demand from banks and importers at Interbank Foreign Exchange.

The rupee also gained 9 paise to close at 61.36 against the dollar in the previous session on Friday.Rupee has witnessed a high of 61.46 and a low of 61.51. Its 52-week range was 58.34-63.91.The Dollar index, a measure of the value of the US dollar relative to a basket of foreign currencies, rose 0.30 percent to trade at 87.18.