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India's rupee falls more than 1% to an all-time low, now requiring 55 of them to buy one...

India's rupee falls more than 1% to an all-time low, now requiring 55 of them to buy one greenback. The central bank is in a tough spot as inflation remains high while the economy slows. The slide in the rupee - at least some of which has to do with the "risk off" tone of markets - won't help the inflation picture.
Comments (3)
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    ha.. Serves them right. The last two times i visited India they refused to let me use dollars. I had the convert at the airport or use plastic.. Now,the shoe is on the other foot ! hey .........
    Now who has toilet paper ?
    21 May 2012, 07:54 AM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    Well, if India printed a bit less of their currency, that wouldn't be a problem. Their inflation is a disaster. No surprise the locals love gold.
    21 May 2012, 08:33 AM Reply Like
  • bbro
    , contributor
    Comments (10262) | Send Message
     
    Inflation is what...Nominal growth is what??
    22 May 2012, 10:19 AM Reply Like
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