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The Indian Rupee (INR) has depreciated against all major global currencies, not just the USD.
We have been looking only at USD/INR.
Most against EURO POUND and AUSTRALIAN DOLLAR.
<p>The post
Chinese Yuan/ Indian Rupee ( CNY/INR )
Has gone from 11.5 to almost 14 in last 1 year.
This depreciation is more than what INR has done against USD
First time post 2013.
Should have implications for Export, Commodities, Inflation, Less Dumping, etc.
Any Beneficiaries?