Couldn't help myself to avoid posting it.
So, what next?
- 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?
