The fall of the Rupee and inadequate capital controls

The Reserve Bank of India (RBI) has implemented several measures in an attempt to buoy the sinking rupee. CT fills in the news on the latest moves and provides an overview of the past few months.

By Dan Bland

Aug 19, 2013

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Despite all the central bank has tried, the rupee keeps going lower and lower. Even with the latest measures to fight a slide in value, it has continued to fall past an all-time low. The currency stood at 62.49 against the dollar at the time of writing time on August 19.

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