The Falling Rupee

Currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash

Rupee hits all-time low versus dollar

The rupee hit a record low against the dollar, breaching 54.30 vs the dollar, succumbing to the steep risk aversion hitting global markets and highlighting the vulnerabilities of the country.  Full Article | Related Story 

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Chrysler to lay off 1,200 workers at Ontario plant

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TORONTO, March 4 | Thu Mar 5, 2009 3:05am IST

TORONTO, March 4 (Reuters) - Embattled automaker Chrysler [CBS.UL] is cutting a shift at its plant in Windsor, Ontario, and will indefinitely lay off 1,200 workers as a result of the move, it said on Wednesday.

Chrysler said elimination of the third shift at the plant will take place after June 24. (Reporting by Wojtek Dabrowski; editing by Peter Galloway)

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