Posted on Friday, August 21, 2015 - 05:50 am:

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quote:

In 2015, the rupee is falling in sync with global currencies. In fact, the rupee is still among the top five best-performing currencies in the world since the beginning of this year. Year-to-date, the rupee has fallen less than 4% which is nothing when compared to the bruising that other emerging market currencies, like the Malaysian ringgit, have taken. On Friday, the Malaysian ringgit fell to a 17-year low, in a fall that has reminded a number of global commentators of the 1998 currency crisis, which was partly blamed on prominent foreign investors like George Soros betting against the Malaysian currency.

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