Cars prices up owing to falling rupee

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Cars prices up owing to falling rupee

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Rupee has fallen 8 percent against yen, resulting in increased car prices.

05 October,2011 03:49 pm

According to a report, during the current fiscal year, yen was appreciated by 8 percent against rupee, due to which car manufacturers increased the prices. During the first quarter, car prices went up twice.Prices of various models of different companies have increased by 3.5 percent. Despite the soaring prices the car sale went up by 34 percent.