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Indian Rupee Continues to Make New Lows Against the Dollar

Posted by WorldWideMarkets . on Aug 7, 2013 3:45:00 AM
The Indian rupee continues to make new lows against the dollar with the authorities there apparently powerless to prevent market pressure. The rupee is the fifth worst performing currency of the 36 most actively traded against the dollar year to date with a 9.7 percent drop, and the third worst performing currency in the last 6 month and 3 month periods with a 12.7 percent drop and 10.9 percent decline respectively. The dollar peaked at 61.866 rupees on Tuesday, another record. rupee trading
 

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