The Indian Rupee is the best performing currency in the BRIC. Even the Indonesian Rupiah has devalued substantially.
Much of this is because the USDINR was at 63.8 at the end of last year, but it’s still remarkable to see that the USD has appreciated 22% against the Brazilian Lira, and more than 5% against the Russian Ruble and Indonesian Rupiah in 2015.
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