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On August 28, [www.FsTaoci.Com]IndiaThe rupeeAccelerated depreciation, 1 setThe dollar68 rupees for low, the stock is low.People began to wonder if overseas investors continue to sell the stock, at the appointed time, India and even the worldmarketHave a more difficult test.
Stock is a fixed source of India's capital inflows.Despite India's net purchases is still hit $12 billion this year, but since Tuesday, foreign investment has made eight selling business, involving nearly $ten billion worth of stock.Which led to a certain extent on Tuesday in the biggest daily decline since the 18th, after again fell 3.7%, record one-day drop over the last 20 years the refresh to 68.72.
For a set such a high current account deficit in the world, the need of attracting foreign investment is imminent.And this was a key reason of rupee tumbled all the way.
Now, Indian officials still insist to take active measures, as far as possible to ensure the stability of the currency markets, at the same time attract foreign investment, but the effect not beautiful.The failure of attracting foreign investment contributed to investors of the unease over the Indian market.Combined with the United States plans to Syria to hit battered the asia-pacific market, and the qe the fed plans to shrink, it increasingly serious.
The rupee has become the information one of the weakest currency market currency movements.Since this year, the rupee against the dollar has fallen by 23.6%.According to Reuters data, it is so far the Asian currency markets one of the most serious devaluation.
(source: China's financial information network)
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