Rupee Problem Continues

Rupee Problem ContinuesSome sources recently claimed that the issue of Indian rupee day by day became weaker and as a result of which, for the US economy, the issue had become the major issue of concern because plenty of damage has already been caused by the issue.

They also claimed that due to the current rupee position, the country economy would freeze the global economic recuperation and which further depleted the requirement for emerging-market advantages.

Meanwhile, after the continuous three week decline of the currency, the exchange data reports claimed that from the month of July, the foreign shareholders sold $140.2 million of extra Indian shares, which were bought in the same month.

However, the MSCI Asia-Pacific Index of regional stocks also recorded a fall, while the Bombay Stock Exchange’s Sensitive Index was declined by 1%.

On the other hand, Bloomberg data also revealed that rupee, in Mumbai’s market index was destabilized 0.4% but in the last month, it proceed to 1.2%.

Seeing the raised problems caused by the rupee declinations, Roy Paul, Deputy General Manager at Mumbai Federal Bank Ltd. added, “The U. S. data has affected the region’s currencies as it has once again raised questions about the recovery and there are probably some concerns about fund inflows”.