India’s Currency Tumbles After Rajan Decision to Leave: Chart

A coming change at the top of India’s central bank set the rupee sliding by the most since January’s global financial-market turmoil. The currency sank Monday after central bank Governor Raghuram Rajan said over the weekend he will be leaving when his term expires in September. During Rajan’s three years at the Reserve Bank of India, the rupee at first rallied, before declining and this year it has turned into Asia’s worst-performing currency.

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