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Economy

The Rupee Does Way Better Than Big Emerging Market Currencies in 2015

Mar 18, 2015

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The Indian Rupee is the best performing currency in the BRIC. Even the Indonesian Rupiah has devalued substantially.

 

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Much of this is because the USDINR was at 63.8 at the end of last year, but it’s still remarkable to see that the USD has appreciated 22% against the Brazilian Lira, and more than 5% against the Russian Ruble and Indonesian Rupiah in 2015.

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