Rupee Falls To Record Low

The Indian rupee fell to a record low of 57.77 against the U.S. dollar. The Indian rupee has been hurt by the strengthening U.S. economy, which is expected to reduce investments in emerging markets such as India. Notice, Deutsche Bank's stated that he expects the rupee to regain strength later in the year due to decreased inflation in India, which is using relative purchasing power parity to partially explain the change in exchange rates.