Rupee Goes Past 64 to the USD

The Indian rupee has fallen from 62 to 64 / USD in barely a couple of days - quite a record:

http://www.livemint.com/Money/JZjikS0Zn731Mn5cgJA9dI/Rupee-breaches-64-bond-yields-rise-further.html


http://www.financialexpress.com/news/indian-rupee-breaches-64-against-dollar-falls-over-1.5-pct/1157547


We know it's likely to go past 65 - but will it hit 70? Only if Chidambaram declares martial law, Egyptian-style.

http://www.livemint.com/Money/15q9hymIp7YDiAW9fxeZOO/UBS-sees-rupee-at-70-as-Raghuram-Rajan-lacks-magic-wand.html