Rupee Takes Nosedive as Subcontinental Tensions Reach Boiling Point
Key Points
- The Indian rupee plunged 1% against the US dollar amid risin...
Money can't buy peace, but peace sure can affect money. Just ask the Indian rupee, which decided to channel its inner skydiver today, plunging 1% against the mighty US dollar to 85.71 - its most dramatic performance since that time everyone panic-bought toilet paper.
Border Jitters Make Wallets Quiver
The battlefield isn't the only place seeing action as India's recent military operations against terrorist bases in Pakistan sent financial markets into a frenzy. Foreign investors, showing their legendary fight-or-flight response, are already reaching for their metaphorical parachutes. Amit ...
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