On Friday, the rupee plunged to a new-low as it hit the psychological 71-mark against the US dollar for the first time. For an import-dependent country such as India, currency depreciation hurts on several fronts, besides leading to a rise in general inflation.
from Times of India https://ift.tt/2N2VG3M
Friday, 31 August 2018
What a falling rupee means for household budgets, other plans
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