There are a few things the government could to do to stem the fall, but with an industry survey suggesting further depreciation of the rupee, the records could keep on coming.
Emerging market currencies have dropped in recent weeks after the US Federal Reserve announced plans to reduce quantitative easing. And the Indian currency has been dragged down further by soaring demand for gold imports and an unsustainable current account deficit. The recent strong US jobs data also provided another chance for rupee selling."
'via Blog this'
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