Monday 5 December 2011
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The Times Of India, 5 Dec 2011
MUMBAI: India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the Reserve Bank of India (RBI) with a difficult choice over how to make best use of its limited reserves to maintain the confidence of foreign investors.
Unlike most of its Asian peers, India has recently been running large current account and fiscal deficits. That means it must attract sufficient foreign money -- namely US dollars -- to close the gap, and a weaker home currency makes that costlier. Full story
Related:
India inches closer to crisis as rupee retreats - Dailytimes.com.pk
India could be facing its worst financial crisis in decades as rupee retreats
The Times Of India, 5 Dec 2011MUMBAI: India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the Reserve Bank of India (RBI) with a difficult choice over how to make best use of its limited reserves to maintain the confidence of foreign investors.
Unlike most of its Asian peers, India has recently been running large current account and fiscal deficits. That means it must attract sufficient foreign money -- namely US dollars -- to close the gap, and a weaker home currency makes that costlier. Full story
Related:
India inches closer to crisis as rupee retreats - Dailytimes.com.pk
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