Indian rupee hits all-time low

HFA Padded
Mani
Published on
Updated on
Indian Rupee

The Indian rupee tumbled to all-time low today 63.30 against the dollar, as recent measures failed to stem the fall. The Indian rupee closed at a life-time low of 63.13 despite the Reserve Bank of India’s recent measures to restrict capital outflows. RBI’s recent measures India’s central bank, Reserve Bank of India, took s series of measures to stem the fall of the Indian rupee. Last week, the RBI announced stern measures curbing Indian firms investing abroad and on onward remittances by resident Indians. However, to pacify the rattled investors, on Friday the government and the RBI ruled out reverting to…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports