NEW YORK ( TheStreet) -- Earlier in the month I suggested the Indian rupee was positioned for continued weakness. This has turned out to be the case, as the rupee continues to be one of the world's worst performing currencies -- hitting new record lows after declines of more than 17% for the year. The reasons for this have come from two central areas: market uncertainty generated by potential Syrian military conflicts has led to surging oil prices, and India's unmanageable current account deficit has discouraged investors from adding exposure in the country's assets.
No End in Sight for Sell-off in Indian Rupee
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