Rupee freefall: Latha Venkatesh on the crisis

CNN-IBN | Jun 11, 2013 at 08:46pm

In a roller coaster ride, the rupee on Tuesday hit life-time low of 58.98 against dollar but erased a major part of losses to close at 58.39 after RBI intervened in the forex market to stem the slide in the local currency that caused much concern to the government, the markets and the common man.