“The Indian rupee has fallen to a new all-time low against the US dollar, amid concerns the Federal Reserve will soon scale back its stimulus measures. Foreign investors have been pulling money out of India, as the economy has slowed and the cost of borrowing in dollars has risen. The Reserve Bank of India (RBI) is rumoured to have intervened to stem the slide in the currency. The Indian rupee has declined by nearly 16% against the US dollar since May and is Asia’s worst performing currency so far this year. Its further decline on Tuesday was mirrored by falls in markets across other developing markets, particularly in Asia.”
http://www.bbc.co.uk/news/business-23766267
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Why the housing sector won’t save the broader economy
Bursting Switzerland’s bubble
California Obamacare Exchange Pays Taxpayer Funds To TV Networks To Push Obamacare
Medbox: Dawn of the Marijuana Vending Machine
Florida housing market may get a boost from ‘boomerang buyers’
Residents, politicians push to shut Satoshi Forest homeless camp
Jack Lew and Citigroup: How the Corrupt Rich Get Unjustly Richer with Crony Capitalism
Drones in the sky over America
Biden urges end to hacking, human rights abuses by China
1 in 5 American teenage boys diagnosed with ADHD
Sonic 'lasso' catches cells and moves them around
Homeland Security Secretary Janet Napolitano warns of ‘major cyber event’
Cop suspended for sex with teen, hosting underage drinking parties
Spanish bank deposits turn into a waking Iberian nightmare
Russia to vote on banning U.S. adoptions