India rupee woes highlight economic drift
- Published: 28 May 2012 at 11.48
- Online news: World
India's rupee, which hit an unprecedented string of all-time lows last week, is set for more falls unless policymakers move quickly to put Asia's third-largest economy back on track, analysts say.
India's rupee, which hit an unprecedented string of all-time lows last week, is set for more falls unless policymakers move quickly to put Asia's third-largest economy back on track, analysts say.
The rupee, which slumped to as low as 56.38 to the dollar last week, has lost around a quarter of its value in the past 12 months and is currently Asia's worst-performing currency.
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