Thursday, August 15, 2013

Rupee to Plunge Further, As World Bails on India

The falling Indian rupee is set to plunge further as international investors join the ranks of those exasperated with UPA policies:

http://blogs.wsj.com/moneybeat/2013/08/14/western-financial-firms-sour-on-indian-investments/

http://www.bloomberg.com/news/2013-08-14/india-restricts-foreign-exchange-outflows.html

http://timesofindia.indiatimes.com/india/Rupee-free-fall-RBI-limits-overseas-investments-by-Indians-bans-gold-coin-import/articleshow/21829998.cms

Watch as the complete implosion of UPA credibility results in major inflation in the run-up to the elections. The ruling govt's attempts at capital controls is only fanning the flames of their funeral pyre.

No comments: