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

|By:, SA News Editor

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.