As on 07/06/2013
The Indian rupee has beenthe worst performingcurrency against the Asianbasket in the last one month.It depreciated 5.5% againstthe US dollar in May andextended itsunderperformance in themonth of June as well. Therupee breached 57 per dollartoday and was just a fewpaise short of record lows of 57.32 which it hit in June2012. While the global cuesare all over the place, thingsback home lack clarity andare weighing on the rupee. The concerns on highCurrent Account Deficit andweak equities are impactingthe currency.
Indian rupee fallsmost in a week onheavy dollar demand.
Rupee may plungefurther to 57.80driven by domestic,global factors.
Yuan flat even asmidpoint at new peak,market finds