Tag: Rupee Depreciation

Indian Rupee, has depreciated to 64.79 against US dollar; hitting a 2-year low. China’s devaluation of the Yuan is the major factor of depreciation in the Rupee. The Rupee on Wednesday has opened 60 paise lower than Tuesday’s close of 64.55, which was last seen in Sep’13. While, Chinese currency, Yuan is traded at 6.44…