he Indian Rupee
falls to novel depression of 72.67
downwards 94 paise against the United States of America Dollar today. This is for the foremost time, the rupee breached 72.50 level. Several measures accept been suggested to incorporate the rupee autumn which has depreciated almost 13% since the outset of the twelvemonth 2018. In the final v years, the rupee has lost simply 15.52%
against United States of America dollar.
Some Indians are thinking that our Rupee is the worst performer inwards the world. But, yous volition hold out surprised to know that the Indian currency is non the solely ane to lose major pose down due to geopolitical too financial factors. It is solely inwards 10th seat in Top ten world’s worst performing currencies. Let’s accept a await at the some worst performing currencies inwards the world.
1st Place : Argentinian Peso : Argentine Republic is grappling amongst an unprecedented economical crisis, amongst the country’s authorities taking dramatic steps to attempt to restore confidence inwards its complimentary falling currency. Argentina’s peso has fallen 52% against the dollar inwards the twelvemonth 2018, inwards the final v years it barbarous unopen to 546.72%.
2nd Place : Turkish Lira : The Turkish currency, lira, has been making headlines later depreciating unopen to eighty part against the United States of America dollar too thus far inwards 2018. Over the past times ane week, the lira slipped over xx part against the United States of America dollar. The steep autumn has rattled investors globally, amongst the currencies of other emerging markets also coming nether pressure.
3rd Place : Russian Ruble : Russia’s ruble barbarous to 70.14 against the dollar this week, its lowest degree inwards 2 years, pulled downwards past times a combination of the threat of novel U.S. sanctions too the collapse of the Turkish lira.
Top 12 Worst Performing Currencies inwards the globe (5 twelvemonth fall)
- Argentinian Peso – 546.72%
- Turkish Lira – 221 %
- Russian Ruble – 117.41%
- Brazil Real – 84%
- South African Rand – 51.42%
- Mexican Peso – 47.15%
- Indonesian Rupiah – 28.17%
- Malaysian Ringitt – 27%
- US DOllar – 18%
- Indian Rupee – 15.52%
- Chinese Yuan – 12%
- Singapore Dollar – 9.63%