Will the Value of US Dollar Reach 50 Indian Rupees

The value of Indian Rupees in falling down, today it has reached. Today the Indian Rupee has fallen to 49.89. This is after the sharp falls in the global stock markets. Dow Jones fell to 12-year lows. On Tuesday morning, the Hang Seng was down 3.8 percent and the Nikkei was down 2.3 percent. Foreign investors have sold Indian shares worth a net $1.35 billion this year after withdrawing more than $13 billion in 2008. The outflows have piled pressure on the Indian rupee, which has dropped 2.4 percent this year after falling 19.1 percent in 2008.[Source]

This is good for NRE who send money to India. They will get a better exchange. If this trend continues, the rate will go more than INR 50 / US Dollar.