Forex Tips: Indian Currency May Depreciate Further in Coming Months

The third largest economy in Asia is currently on a breakable footing and the slump in its currency is already nearing a lifetime low. The weakness in the Indian rupee is expected to turn into a major issue, relating how crucial it is in determining the inflation, account arrears and macroeconomic stability, this can obstruct the recovery in India.
The rupee appears to have a place among the worst hit currencies in the current times, which have plummeted about 8 percent against the USD since last month and is currently near the 59 mark. Meanwhile, currencies in Indonesia and Thailand have plunged by just 2 percent and 5 percent respectively, during this span.
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