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Currencies in emerging markets fall to lowest since 2010

The Bloomberg US Dollar Index rose for a second week and touched its highest level since August 2

Bloomberg  |  New York 

India's rupee led declines among the currencies of the biggest emerging-market economies as the Federal Reserve signaled a reduction in stimulus is still on track, spurring a wave of cash to flow back into larger nations. The Bloomberg US Dollar Index rose for a second week and touched its highest level since August 2. An equally weighted basket of currencies of Brazil, Russia, India, China and South Africa touched its lowest level versus the dollar since June 2010 on concern a paring of stimulus under the Fed's quantitative-easing strategy would intensify outflows from the ...

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First Published: Sat, August 24 2013. 20:56 IST
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