Rupee is heading for the worst quater in 2 decades

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Source: Bloomberg
© Scanpix/AFP
The Indian Rupee is heading for its worst performance since 1992 as investors worry about the impact on country's balance of payments when the Fed starts unwinding its monetary stimulus. The currency fell to 60.765 per U.S. Dollar on June 26 - its lowest point in history. The Rupee sank due to Bernanke's speech on June 19 when he said that the QE might end in 2014.
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Fri, 28 Jun 2013 10:22:14 GMT

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