Seeking Alpha "The Rupee's Continued Decline"
23/12/11 08:58
The devaluation of the rupee has been all over the international news this past week. It is of great concern to the global economy. The decline in the Rupee is a major source of distress for India. The only BRIC country in 2010 to see a decline in foreign direct investment, India is facing desperate times. The rupee is the worst performing currency in Asia, having fallen more than 17% this year against the dollar. The decline is creating financial stress for Indian companies that have traded in dollars. The rupee is increasingly vulnerable.
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