Indian rupee plunge beyond most outlying expectations; further fall expected

The depreciation of the rupee has been beyond the most outlying expectations at the beginning of this year. While the valuations might suggest that the slide is overdone but global factors indicate that in the near-term rupee might come under further pressure.

Indian rupee plunge beyond most outlying expectations; further
India is a high growth country which attracts significant capital investments, therefore it is imperative that the same is taken into account while determining the right value of its currency. Image Source: Reuters

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