Bernanke's hints at the demise of QE is hitting the Indian Rupee hard
http://www.futurecurrencyforecast.com/in...1993/21369
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The Indian Rupee has plunged to yet another new record low in a week that has seen the currency make its worst performance in twenty years.
The Rupee’s dramatic decline has been caused by speculation that the US Federal Reserve is getting closer to reducing the stimulus measures that had bolstered demand for emerging-market assets. ...
Highlighting the drastic recent decline of the Rupee was the news that India’s wealthiest man, Mukesh Ambani has been the biggest loser of the current crisis. The Rupee’s decline has erased 24% of his fortune.
http://www.futurecurrencyforecast.com/in...1993/21369