Mon, Sep 26, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

Collapsing Asian currencies? Why is the Indian rupee depreciating?

Posted on 17 September 2013

The Indian rupee touched a lifetime low of 68.85 against the US dollar on August 28, 2013. The rupee plunged by 3.7 percent on the day in its biggest single-day percentage fall in more than two decades. Since January 2013, the rupee has lost more than 20 percent of its value, the biggest loser among the Asian currencies.
There is no denying that India is not the only emerging market experiencing a rapid decline in its currency’s value. Several emerging market currencies are also experiencing sharp depreciation over the prospect of imminent tapering of the US Federal Reserve’s policy of quantitative easing (QE) program………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 47828 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
S M T W T F S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930