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

|By:, SA News Editor

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.