The slide in the Indian rupee to record lows against
the dollar this week has sparked some debate in India as to whether the launch
of the currency's new symbol last year on an inauspicious day is the real
reason behind the rupee's pain.
According to reports in the Indian press, experts on
vastu shastra, an ancient Indian practice similar to feng shui, the new symbol
for the rupee was launched on an inauspicious day for the stars and the
horizontal lines across the symbol appear to "slit the throat" of the
currency.
The rupee hit a record low on Thursday at 65.56 per
dollar and is down about 17 percent this year, with analysts attributing the
move to an outflow of cash from emerging markets as investors anticipate an
unwinding of U.S. monetary stimulus.
It has overtaken the yen as the world's worst
performing major currency this year.
Those who study astrology and feng shui can post their opinion .
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