| The Reserve Bank of India (RBI) announced further measures on Monday to curb speculative trading in the foreign exchange market, but the move failed to halt the rupee's slide to another record low.
The administrative measures, in addition to directly selling dollars by the central bank in the market, are seen as inadequate to defend the rupee that is pressured by dwindling capital inflows and widening current deficit. The rupee has slumped more than 11 per cent since the start of March, making it the worst performing currency in emerging markets...............................................Full Article: Source
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