phantom_opera
17-08-13, 15:58
Egypt is the first to go, Turkey, Argentina could be next
India, Brazil, Indonesia, Malaysia are safer but will suffer huge outflow and depreciated currencies while fighting high inflation
The hard truth ... Singapore quitely benefits :ashamed1:
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MUMBAI: India's rupee plunged to a new record low against the dollar on Friday and stocks slid 2.66 per cent over fears that foreign capital could flow back to the United States as the American economy improves.
The rupee, one of Asia's worst-performing currencies this year, hit a new low of 62.00 rupees to the greenback, slipping past its previous low of 61.80 rupees on August 6.
India, Brazil, Indonesia, Malaysia are safer but will suffer huge outflow and depreciated currencies while fighting high inflation
The hard truth ... Singapore quitely benefits :ashamed1:
=====
MUMBAI: India's rupee plunged to a new record low against the dollar on Friday and stocks slid 2.66 per cent over fears that foreign capital could flow back to the United States as the American economy improves.
The rupee, one of Asia's worst-performing currencies this year, hit a new low of 62.00 rupees to the greenback, slipping past its previous low of 61.80 rupees on August 6.