Rupee Nears 100 Against The Dollar; Why The Rupee’s Relentless Slide Is Becoming A Major Economic Stress Test For India – Inventiva
The Indian rupee's decline is no longer being viewed as a routine emerging-market fluctuation. What initially appeared to be temporary pressure from global uncertainty is increasingly beginning to resemble a deeper and far more uncomfortable economic stress point for India. The rupee recently slipped to fresh record lows near 95.8 against the U.S. dollar, making it Asia's weakest-performing major currency…
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