A relative outperformer in the past few days, the rupee hit a 10-month low today, sliding to 62.25 against the dollar as Asian currencies tumble across the board on a region-wide fall in stock markets.
CNBC-TV18’s Latha Venkatesh believes the sharp correction in the Indian market is pulling down the currency. According to her, the rupee, though depreciating, is comparatively stable which may be a cause for concern.
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