Fri, 05 Jul 2013 06:34:05 GMT
Rupee countinues to decline
The Indian Rupee declined, heading towards a ninth week of consecutive depreciation. Losses continue to mount as investors pull money out of the country due to its current-account deficits. The comments by the Fed about the early end of its QE, which lead to funds flowing in developing countries, contributed to the Rupee's weakening. The currency dropped 1.5% this week