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India’s tumbling currency matters, and here’s why

Posted on 09 July 2013

The Indian rupee has been plunging for more than a month, stoking inflation and spreading fear of a crisis among investors. Expectations that the Federal Reserve will start tapering its bond-purchasing program this year have strengthened the dollar and sent emerging markets’ currencies—including the rupee—plunging.
As of Monday, the rupee has weakened more than 9 percent against the dollar since May 22, when Fed Chairman Ben Bernanke first mentioned the possibility of slowing its asset purchasing………………………………………..Full Article: Source


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