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Top performing currency in 2013? Not what you think

Posted on 03 December 2012

Asia’s biggest laggard could turn into one of the best performers next year. We are talking about the Indian rupee which has tanked 13 percent since its peak in February, but one expert predicts this beleaguered currency is in for a big turnaround in the new year.
Weighed down by anemic growth and lack of investor interest as the government struggled to implement economic reforms, the Indian rupee has had a tumultuous year. For example, it fell more than 17 percent over February-June, raising the cost of imports and fueling inflation………………………………………..Full Article: Source


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