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Sun Dec 11, 2011, 11:47 PM

Big danger from a declining rupee for India

This discussion thread was locked as off-topic by struggle4progress (a host of the Latest Breaking News forum).

ndia may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the central bank with a difficult choice over how to make the best use of its limited reserves to maintain the confidence of foreign investors.

Unlike most of its Asian peers, India routinely runs large current account and fiscal deficits. That means it must attract sufficient foreign money, namely dollars, to close the gap, and a weaker home currency makes that costlier. What makes the current situation so worrisome is that India is grappling with big internal and external economic threats simultaneously: Growth is slowing. Inflation remains high. Political paralysis has stymied domestic overhauls... http://www.deccanherald.com/content/210954/big-danger-declining-rupee-india.html

The Rupee is getting close to implosion. While everyone was worried China would be the 500 lb. domino to fall, it could well be the health of the Indian economy that holds the world out of a greater depression.

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Reply Big danger from a declining rupee for India (Original post)
JCMach1 Dec 2011 OP
struggle4progress Dec 2011 #1

Response to JCMach1 (Original post)

Mon Dec 12, 2011, 12:04 AM

1. LBN is for recent news. Features and analysis should be posted in Good Reads or GD or

one of the more topical groups

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