The Indian currency, rupee on Friday cross its crucial 50-level against US$.
At the Interbank Foreign Exchange (Forex) market, the Indian currency was struggling between 49.93 and 50.05 in the initial thirty minutes of trading.

The Bombay Stock Exchange benchmark Sensex also fall down by 277 points at 9,494.38 in early trade on Friday.

On Wednesday, the Indian government eased norms on overseas borrowing for Indian companies to boost inflows and help corporates raise funds for projects. But all these measures failed to cap the rupee movement.

Rupee has fallen by around 21 per cent againt US$ since the beginning of this global financial cricis.

News Source: Yahoo India