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Pilla Bewarse
Username: Vkishore
Post Number: 538
Registered: 10-2011
Posted From: 149.199.62.254
Rating: N/A
Votes: 0 | | Posted on Wednesday, August 21, 2013 - 8:17 pm: | |
Nytimes Paul Krugman kuda manchi analysis chesadu by comparing it with fluctuation of Brazil currency
http://krugman.blogs.nytimes.com/2013/08/20/rupee-panic/
article:We more or less know the story here. First, advanced countries plunged into a prolonged slump, leading to very low interest rates; capital flooded into emerging markets, causing currency appreciation (or, in the case of China, real appreciation via inflation). Then markets began to realize that they had overshot, and hints of recovery in advanced countries led to a rise in long-term rates, and down we went. (I don’t think QE has much to do with it, although your mileage may vary.)
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