, Columnist
Indian Rupee’s Turmoil Has Echoes of 2013
The rally in gold prices is encouraging imports for investment and speculation in India.
Photographer: Dhiraj Singh/BloombergCurrency volatility is like history. No two episodes repeat, but some sure do rhyme. Which is why it’s useful to compare the pall of gloom hanging over the Indian rupee with the rout of 2013.
Back then, the Federal Reserve had signaled that it was going to taper its quantitative easing program and tighten monetary policy. Currently, the Fed is easing.