Thu, Jun 30, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

Talk of tightening in the U.S. hammers currency in India

Posted on 21 June 2013

With Federal Reserve Chairman Ben Bernanke signaling an end to quantitative easing, investors are looking ahead to rising interest rates in the U.S.—and rethinking their willingness to tolerate risky emerging markets.
As they do, India’s currency is taking a particularly painful beating. The rupee fell to a record low today, dropping the most in 21 months. Since April 1, the rupee has tumbled 9.2 percent, making it the worst-performing currency in Asia. The currency may continue weakening, with rupee three-month forwards dropping to 60.64 per dollar………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 46549 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
June 2016
S M T W T F S
« May    
 1234
567891011
12131415161718
19202122232425
2627282930