Banking Central | India is fighting a losing battle on rupee - Moneycontrol

After the Government raised import duty on gold and oil last week, the RBI has followed up with measures to attract more foreign funds. The idea is to stem the rupee’s fall. But, probably, India is fighting a losing battle, as risks to currency are mainly eme…

The rupee is reliving its 2013 nightmare by falling free to record lows. It is now trading below 79 per dollar and has fallen about 6 per cent since the start of this year. Thats worrying both the go… [+2460 chars]

full article...