Mon, Apr 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Rupee vaults from worst to best performing currency

Posted on 16 October 2013

It was September 3, 2013. The Reserve Bank of India was getting a new Governor, on whom much hopes were pinned to get back on track an economy fast going downhill and a rupee that was failing to find a bottom.
Though Rajan cautioned he had no magic wand to set right all issues in quick time, the rupee’s fortunes began changing almost overnight. And within the space of a month-and-a-half, the Indian currency vaulted from being the worst performer globally in 2013, to the best performer. The Federal Reserve deciding to put off the tapering of its quantitative easing (QE) programme also aided this reversal………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930