Markaz Research
Markaz: GCC Markets Positive as OPEC agrees to cuts
Published: 05 - Dec - 2016 Read More
Markaz Research
Manaf Alhajeri - Kuwaiti financial sector’s expertise can play unique role in mitigating management risks of Kuwaiti sovereign bond
Published: 04 - Dec - 2016 Read More
Markaz Research
Invitation to participate in Markaz bonds due 2021
Published: 30 - Nov - 2016 Read More
View All News

September 2013

The Mega Rupee Slide

Date : 10/09/2013 Author: M.R Raghus

The Indian Rupee (INR) is one of the worst performing currencies in the world during 2013 (Table-1). At Rs.65.5/USD it slid by a whopping 19.8% in 2013 (so far) after sliding down by 4% during 2012. The month of August was especially devastating. Since 2000, the current rupee level is the highest ever seen (look at the graph). From a low of Rs.39/dollar in Feb 2008, the Rupee is close to Rs.65.5/dollar. Repeated efforts by RBI to stem the rot went in vain so far.

Tags:  Indian Economy, Indian Market, Monetary Policy, Reserve Bank Of India - RBI
Ratings:
Current rating:2 (0 ratings)