The Indian rupee breached 72.50 level against the US dollar for the first time ever on Monday and hit an all-time low of 72.67, down 94 paise from its previous close of 71.73 level to the dollar.
Later, it closed at 72.45, logging a steep 72 paise fall on growing fears of contagion from an emerging-market rout and escalation of global trade war.
With Rajasthan, Mizoram, Chhattisgarh and Madhya Pradesh set to face assembly elections this year and Lok Sabha elections scheduled to be held in the first half of 2019, the BJP government has come under fire from opposition parties for its inability to shield the common man from the effects of a falling rupee and high petrol, diesel prices.
In fact, during the last five years, the rupee has lost merely 15.52%. On the other hand, key currencies around the world have lost significant portion of their value against the dollar during the same period.
Here's a look at worst performing currencies across the world in five years.
This is really not good sign
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inbalance in most world currency
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