Indian policy makers are urging citizens to resist buying gold and boosting scrutiny of speculative currency trades after import curbs and dollar sales failed to stem the world’s biggest currency loss.
The rupee fell 4.9 percent last month, the worst performance among 78 global currencies tracked by Bloomberg, as the Federal Reserve signaled it may pare stimulus measures this year. The currency plunged to an all-time low of 60.7650 per dollar on June 26. Standard Chartered Plc and Credit Suisse Group AG predict a decline to around 62 in a year.
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