Thursday, September 5, 2013

Rupee down!

Couldn't help myself to avoid posting it.

  • The Indian rupee slid from 46.15/dollar in August 29, 2011 to 68.75/dollar in August 28, 2013--a plunge of whopping 49 percent.
  • On a monthly basis, the rupee depreciated 13.88 percent
  • YTD, the rupee has fallen 25 percent
  • The rupee fell 22% in July 1991, steepest before August 2013 happened
  • In March 1992, the rupee had fallen 11.5%

So, what next?

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