• Rupee becomes Asia’s worst performing currency this month

    Rupee becomes Asia’s worst performing currency this month

    Published Date : 14-Aug-2019 9:43:32 IST

    The Indian rupee has become Asia’s worst-performing currency in August amid foreign fund outflows, global trade tensions and pressure from China’s yuan. The local currency has slumped 3.49% against the US dollar so far this month, heading towards its second-worst monthly loss in four years. China recently let its yuan weaken below 7 against the dollar, an 11-year low.

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