Rupee Takes Another Tumble - India Real Time - WSJ:
"The rupee was on the slide again Friday, trading at 61.85 against the U.S. dollar, an all-time low. The Wall Street Journal has the full story behind the currency’s nosedive here.
Use our tracker tool to follow the fall of the rupee in recent weeks and months as investors have worried about how India will fund its current account deficit if global liquidity conditions tighten. The line on the chart going up means the value of the rupee is going down.
The government and the Reserve Bank of India, the country’s central bank, have intervened with measures to halt the decline including raising taxes on gold and silver imports and reducing the amount of oil bought from the international market in dollars. But analysts say these are quick fixes, which are not having the desired effect."
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