Bang for your Buck !!

[voxman]

For some reason, I keep my eye on the Asian currency markets.

 

Mumbai, Aug 24:

The rupee slumped to as low as 66.65 per dollar in the evening session, its lowest since September 2013, as Asian markets reeled under fears of a China-led global economic slowdown.

The local currency hovered in a range of 66.73 and 66.29 in the evening trade.

The rupee has come under huge selling pressure since August 11, when China devalued its yuan currency. The devaluation of the yuan stoked concerns about the state of China's economy, already growing at the slowest pace in 25 years.

 

Bad new for the market and maybe your portfolio but good news for your hair budget if you are planning an Asian location procedure!! The dollar is at an all time high against many Asian currencies and this is a great time to book appointments.