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Indian rupee's rout continues

euronews (in English)

2 Views • Aug 21, 2013

Description

It seems there was little success from the Indian central bank's latest efforts to prop up the country's sliding currency without choking off economic growth.

The rupee plunged to a record low on Wednesday.

Moves by the Reserve Bank of India have succeeded only in pushing up interest rates on government bonds which posed a fresh threat to the weakening economy.

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http://www.euronews.net/

Keywords & Tags

#Indian economy #euronews #rout #continues #India #Currency #Indian #rupees #currency crisis #economy

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