Tag Archives: RMB
Rupee Falls to Record Low Amid Yuan Devaluation, RBI Intervention Limits
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The value of the Indian rupee dropped sharply to an unprecedented low of 83.7 against the US dollar but later slightly recovered to 83.5 towards the end of March. The downturn was set off after China made adjustments to its yuan valuation policy, which in turn stirred a widespread downtrend amongst Asian currencies. Traders noted […]