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Best performing currency in September? India’s rupee

Posted on 09 October 2013

India’s battered rupee was the best performing global currency last month amid growing confidence that a currency crisis would be contained and as fears about the Federal Reserve tapering its quantitative easing program ebbed.
The rupee rose about 9 percent against the U.S. dollar in September, also outperforming major global currencies. The rise marks a surprising comeback after the rupee sank to a record low just shy of 70 per dollar in late August, earning it the title of the world’s worst performing currency this year………………………………………..Full Article: Source


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