REUTERS/Babu
- India’s rupee has fallen to an all-time low against the US dollar.
- The currency has already slipped by 10% this year against the USD, but ANZ says there could be more falls to come.
- It adds to lingering concerns about emerging market currencies, with investors on edge about possible contagion risk.
- You can track the Indian rupee at Markets Insider.
Lingering doubts around emerging markets (EM) are keeping investors on edge in the second half of the year.
The MSCI emerging markets currency index just had its biggest one-day fall since August. Many EM currencies are at or near all-time lows against the USD, which has given rise to contagion fears.
See the rest of the story at Business Insider
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