Panic Flip-Flop Moves by India Central Bank Fail to Halt Currency Plunge
PanicFlip-Flop Movesby India Central BankFailtoHaltCurrencyPlunge http://feedproxy.google.com/~r/MishsGlobalEconomicTrendAnalysis/~3/n9cKxFHhWLQ/panic–flip-flop-moves–by-india-central.html The India Rupee fell to fresh record lows today in spite of panic moves by the Reserve Bank of India. Rupee 1-WeekChart Rupee 5-YearChart The Rupee is down 5% in a week, 46% in just over two years. CarryTradeUnwinds When carry-trade money is pouring in, everything looks fine. Things get messy in a hurry when there is capital flight. … Seguir leyendo Panic Flip-Flop Moves by India Central Bank Fail to Halt Currency Plunge
