The velocity of the Rupee’s decline has reached record speed. SBI Research data reveals a stark trend: while it took 819 days for the Rupee to move from 80 to 85 against the US dollar, the latest slide from 85 to 90 occurred in just 349 days. With the currency breaching 91 this week, from 90, in just 13 days--it was the fastest scaled drop on record.
