(Bloomberg) -- India's rupee headed for the biggest drop in three weeks on speculation importers sold the currency, betting a rally to an almost nine-year high was overdone.
The rupee, up 4.6 percent in the past month, is the second- best performer among 15 actively traded currencies in the Asia- Pacific region, according to data compiled by Bloomberg. The gains make imports such as crude oil cheaper.
Read more at Bloomberg Currencies News
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