"Growth is falling, inflation is stubborn, and rupee is weakening," says RBI Governor Subbarao...

|By:, SA News Editor

"Growth is falling, inflation is stubborn, and rupee is weakening," says RBI Governor Subbarao delivering a triple-dose of disappointing news. The rupee has fallen 20% since the summer, the worst performance of any currency of note. Punters continue to hope the RBI will shift its focus from inflation-fighting to bolstering growth in 2012.