Indian rupee extends fall, down 25% so far this year in second Asian Financial CrisisPosted on 29 August 2013 with no comments from readers
Is this a repeat of the 1997 Asian Financial Crisis with regional currencies tumbling against the US dollar? Gold prices in Indian rupees touched fresh record highs.
Maybe this time around in the Asian Financial Crisis the Indian rupee is leading the currencies lower rather than the Thai baht. It’s a noxious economic cocktail brewing with widespread repercussions.
Bloomberg’s Mia Saini reports on the declining rupee and what this weakness means for the markets. She speaks to Rishaad Salamat on Bloomberg Television’s ‘Asia Edge’…