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What led to the rupee's big crash

Last updated on: June 21, 2013 10:19 IST

What led to the rupee's big crash

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The rupee on Thursday closed at all-time low of 59.57 against dollar retreating from nearly 60-levels on suspected RBI intervention and pep talk from government

Rupee has depreciated 8 per cent against the US dollar since beginning May’13, despite active interventions from the policy makers, says a Anand Rathi Institutional Research report.

However, rupee was not the only currency that got hammered. Brazil, Australia and South Africa witnessed far sharper fall in their currency in the past three months, says the report.

Click NEXT to see read more about reasons for the crash and the outlook for the rupee…


Image: Rupee notes are stapled to form a garland at a market in Srinagar.
Photographs: Fayaz Kabli/Reuters

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