Page 14 - EquityPandit Yearbook
P. 14
DOWNFALL OF THE
INDIAN RUPEES
In the year 2018, the Indian Rupee has witnessed
high volatility. In a span of 7 months from April to In a span of 7
October, investors dumped the currency, leading
to a tumble of around 14 per cent. Rupee months from April
showcased its worst performance on October 11, to October,
when it hit its all-time Intraday low of Rs 74.45 a investors dumped
Dollar.
the currency,
The Indian Currency had a decent start to the leading to a
year, at 63.7 against the US Dollar. However, the tumble of around
US-China trade crisis led to tension in the 14 per cent
currency market, that pulled the rupee down.
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