What is the reason for sustained fall of rupee and how does it impact CAD?

Who gains, who loses from the rupee tumble?

What is the reason for the sustained fall of the rupee?

The rupee is not alone even as it approaches 74 against the dollar. The fall in emerging market currencies is led by the Turkish lira, Argentinian peso, Brazil’s real, South African rand and Russian ruble as a risk-off environment has set in after the US imposed tariffs on Chinese goods. China, in retaliation, let its currency depreciate to adjust for the loss. Countries that export goods to the US have subsequently let their currencies depreciate to preserve their own competitiveness. At the same time, the US interest rates are