The drop of the Indian rupee is continuing, with analysts saying that it could fall even further. Rates are currently hovering around 18.52 against the UAE dirham, while yesterday the currency briefly declined to a new low of 18.56 Weak economic indicators across emerging markets and the devaluation of China’s yuan are likely to mount further pressure on the rupee, say experts. Sajith Kumar, Director and CEO of JRG International Brokerage explains.
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