The Indian rupee is the worst performing currency in the
whole of emerging markets, at
least in the month of August’2013. Not only has
the currency's value against the US dollar halved in two years, it is also
gearing up to witness biggest monthly decline since 1991.
Here are 5 facts that will shock you:
1. The Indian rupee slid from 46.15/dollar in August 29, 2011
to 68.75/dollar in August 28, 2013 - a plunge of whopping 49%.
2. On a monthly basis, the rupee depreciated 13.88%
3. YTD, the rupee has fallen 25%
4. The rupee fell 22% in July 1991, steepest before August 2013
happened
5. In March 1992, the rupee had fallen 11.5%
