Rupee dives to more fresh lows after food bill passed.

India's rupee has dropped to another record low of 66.075 to the dollar and shares have plunged after the country's Lower House of Parliament approved a $20B plan to provide cheap grain for the poor, or almost 70% of the country's 1.2B people. The bill has prompted concerns that it will add to India's fiscal deficit. The currency has plummeted this year for a variety of reasons, including the lack of economic reform and the Fed's prospective tapering.