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The Reserve Bank of India has spent billions of dollars trying to support the rupee, but it's...

The Reserve Bank of India has spent billions of dollars trying to support the rupee, but it's still Asia's weakest-performing currency against the dollar over the past year (-19%). The rupee's decline is partly because of capital flight from emerging markets, but has been exacerbated by concerns over India's deteriorating financial health.
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  • dividend_growth
    , contributor
    Comments (2897) | Send Message
     
    India's boom before 2008 was funded by cheap credits from European banks.

     

    Now that European banks have been exposed as naked, India is going to suffer big times.
    5 Jul 2012, 04:17 AM Reply Like
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