The Indian rupee is set for its biggest annual decline in three years, pressured by record equity outflows and the absence of a US trade deal that kept it out of the Asia rally, with prospects of a recovery linked to the trade pact. The rupee was trading at 89.8650 per US dollar at 10am […]
The rupee’s fall above 90 per dollar can be used to raise an uncomfortable question: could the Indian currency fall to 100? The decline so far has been steady, not sudden, and is rooted in a mix of weaker exports, heavy foreign outflows and a global environment that continues to favor the US dollar. The […]