09.07.2013 - India's tumbling currency matters, and here's why
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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