It's The End for the UPA Government

Twelve hours after the Congress-led UPA passed the food security Bill in the Lok Sabha on August 26, the most non-political reactions came from the market. Between 9am when the bourses opened and 4.58pm when they were about to close, the rupee slid from Rs 65.005 to the US dollar to Rs 66.19. As the downslide continued unabated, all indications were that the rupee might touch 70 to the dollar.

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