10.10.2011 - How the rupee runs
A sudden wave of volatility in the Indian rupee has increased the degree of risk for companies and the financial system as a whole. Over the past three months, the rupee has fallen 12 percent against the dollar and could even slip to the 52 mark if European debt worries persist. Though many analysts foresee the currency clawing back to around 46, they believe that will take a while. Many analysts think this volatility can be linked to jittery investors taking flight from emerging markets and moving to US government bonds.............................................Full Article: Source
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