Epic Indian Rupee Update

[epicresearchindore]

Indian rupee have declined 10 percent, 3 percent and 7.2 percent, respectively, against the U.S. dollar since Fed Chairman Ben Bernanke started talking about tapering on May 22. These currencies have been vulnerable to heavy selling given worries about their large current account deficits.

 

[epicresearchindore]

Epic Indian Rupee Update

Rupee was at 59.53/54 per dollar, after rising to as much as 59.40 earlier, but still stronger than its close of 59.76/77 on Tuesday.

 

[epicresearchindore]

Epic Indian Rupee Update

The Indian rupee opened at 59.29 per dollar versus 59.12 yesterday.

 

[epicresearchindore]

Epic Indian Rupee Update

The rupee was trading at 58.85/86 per dollar compared to its Thursday%u2019s close of 59.11/12.

 

[epicresearchindore]

Epic Indian Rupee Update

The Indian rupee opened at 60.78 per dollar versus 60.40 yesterday.

 

[epicresearchindore]

Epic Indian Rupee Update

The rupee was at 60.64/67 in early trades as against Thursday%u2019s close Of 60.43/44.