India · English
$143-bn boat fails to shield ₹ from shark
The Indian rupee typically makes news twice a year—when it falls, and then when it falls again. And sometimes as it keeps falling. The first dip is hailed by the regime-friendly as economy-friendly; the second triggers alarm across household and national budgets. This year has been no different. The political economy was shaken and stirred when the rupee crashed through barriers in May to touch…
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