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Falling rupee adds to slowing Indian economy and high inflation

Posted on 28 November 2011

For several months, India has suffered the double misfortune of a slowing economy and high inflation. Now, it has another problem: a rapidly depreciating currency.

The value of the rupee has fallen nearly 14 per cent, to 52.21 against the dollar, since the end of August as investors have stepped back from the Indian economy and many traders have stepped up bets against the currency. Less than three months ago, the rupee was trading at 45.79 to the dollar. ……………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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