11.   Dow Jones added some analysts say the government might have to let the currency depreciate in the medium term.

12.   Ever since the massive devaluation of the Southeast Asian currencies, there grew a consensus that the Indian currency should depreciate to protect competitiveness of industry.

13.   For example, exports to the EU from competing countries, whose currencies have not depreciated, could be replaced by Asean exports.

14.   Increased competition from Asian countries whose currencies have depreciated were also harming exports, the Chung-Hua Institution for Economic Research said.

15.   Prices have been rising rapidly and the currency has been depreciating.

16.   Southeast Asia has been rocked by financial turmoil as regional currencies have depreciated to record lows.

17.   The Central Bank said it spent billions to defend the dollar late last year as wild speculation caused Southeast Asian currencies to depreciate drastically.

18.   The currency has depreciated sharply against the U.S. dollar since the middle of last year.

19.   The Philippine central bank sold dollars and boosted short-term interest rates in an attempt to defend the peso until giving up Friday and allowing the currency to depreciate.

20.   The Thai and Indonesian currencies have also depreciated greatly since the currency crisis struck the region last summer.