New Delhi: The Indian rupee has once again experienced a historic decline in the global market. The current exchange rate is 81.52 per dollar. Observers believe that even if the RBI steps in to prevent the collapse, it will not be easy.
The US Federal Reserve’s intervention to curb inflation has plunged the rupee into a major slump. Along with the rupee, other Asian currencies are also under pressure. South Korea’s won lost 1.4 percent, Taiwan dollar 0.6 percent, Thai baht 0.59 percent, Philippine peso 0.57 percent, Indonesian rupiah 0.53 percent, Chinese renminbi 0.53 percent, Japanese yen 0.47 percent, Malaysian ringgit 0.44 percent and Singapore dollar 0.3 percent.
