Confidence in the rupee needs India to take bold steps - The National:
"If the health ofIndia's economy has been a cause for concern for some time - and growth has slowed considerably this year - then the rupee's recent sharp decline offers further pause for thought. Yesterday, the currency hit a record low of 63 rupees against the US dollar and there is no sign of the rot stopping any time soon. Analysts predict the currency will suffer further declines in the next few days, despite already shedding more than 50 per cent of its value against the dollar since 2008."
'via Blog this'
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