Is it just a fall of Indian Rupee ?

It's not just a fall in the value of Indian Rupee. It's the rise in the value of whatever we buy from overseas. It's a rise in the price of Petrol, Diesel & every second thing of our use that we import. And it has a direct impact on the cost of living in our own country. Just view the downward journey of our own Indian rupee since 1947 :

And today, our Rupee touched a record low of 68.75. In a reply to Yahoo news, Uday Bhatt, a forex dealer with UCO bank said, " It is just impossible to put any realistic value to the rupee any more". 

Herald Van Der Linde, Head of Equity Strategy, Asia - Pacific, HSBC feels that India was over - owned by foreign institutional investors as the situation is changing. In an interview to CNBC - TV18, he warned that over - ownership will remain an overhang on India. 

"The rupee slumped to a record low below 68 per dollar and shares tumbled on wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets," said a news by REUTERS.

"The Food Security Bill is the Key Reason for the rupee's fall on Tuesday. It would open floodgates for ( credit ) ratings downgrades, if the fiscal deficit is not reined in," said Ashtosh Rana, head of foreign exchange trading at HDFC Bank. TOI

The Reserve Bank of India had earlier cautioned against increased public spending stemming from the food bill. It further warned that this could deepen India’s financial deficit and strengthen the already elevated inflation in the economy.The government has budgeted an additional 230 billion rupees annually for the programme. According to a government statement, this act takes the total food subsidy bill in 2013-14 to 1.25 trillion rupees. But India's Finance Minister, P. Chidambaram, insisted Tuesday that the government could afford a vast new food programme for the poor designed to eliminate malnutrition. DAWN

Let's see what is the next brave & bold step of our Prime Minister & the Finance Minister to control the fall in Indian Rupee. 

with thanks quotes from various sources.