| From Indiatimes.com: The current financial crisis and economic turmoil has engulfed the entire world. India, too, is significantly affected. Due to a globalised economy, it is natural that the ripples of such turbulences in one country are also felt by other countries.
But the speed and magnitude of the global impact of the ongoing US financial crisis have been astonishing. This is primarily due to the strength of the US dollar vis-a-vis other currencies in terms of its perception as a safe and reserved currency..... Full Article: Source
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