Wednesday, 28 August 2013

Following currency : Indian Rupee had fallen highest 20% - in developing countries since January 2013.

www.i-secureconsulting.in : Financial Planner

Dated : 28-Aug-2013
Source : WSJ India

The Indian rupee is the worst-performing among the world’s major currencies this year, having fallen 20% against the U.S. dollar since the start of January.

Over the same period...
the South African rand fell more than 19%
the Russian ruble more than 8%
the Brazilian real has fallen more than 13%
the Indonesian rupiah has declined nearly 16%.

To be sure, other currencies have lost value against dollar in recent months as the U.S. Federal Reserve set out plans to scale back massive purchases of treasury bonds, making the U.S. once again more attractive to investors than emerging markets.

Source : WSJ India

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