The Indian rupee is under pressure — that may signal economic trouble ahead

[beijingwalker]

The Indian rupee is under pressure — that may signal economic trouble ahead

• The Indian rupee, which hit its lowest in 15 months against the U.S. dollar on Monday, is expected to depreciate even more, analysts said.
• The weakened currency signals potential troubles that await Asia's third-largest economy amid higher oil prices and rising interest rates in the U.S., analysts said.
• India's current account and fiscal deficits mean the central bank may have little room to tap into its reserves to to defend the currency.

Published 7 Hours Ago

https://www.cnbc.com/2018/05/07/ind...es-on-higher-oil-prices-capital-outflows.html

 

[1ndy]

₹1 is already equal to $1, you can't see it. The formula is set as such it will still appear $1 = ₹67 in China and elsewhere except India.