Kiss_of_the_Dragon
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The US Federal reserve "hinted" that they may stop their easy-money policy in the next few months.
Right afterwards, the Rupee collapsed.
It's not rocket science. The hint from the Federal reserve led to FDI being pulled out of the developing world and back into the USA.
Who suffers? The countries that are reliant on foreign inflows to finance their current account deficits. India was the biggest loser, simply because India has by far the largest current account deficit and fiscal deficit in the developing world.
Americans must know who is suppose to be the biggest loser before issue such financial "hinted", if U.S really care about India, it could have use a better way to avoid any desaster to India's rupee.