Wednesday, August 28, 2013

Rupee Plunges Past 68 to the Dollar

The self-inflicted puncturing of India's economy continues, with the rupee sliding to new record lows:

http://in.reuters.com/article/2013/08/28/markets-india-rupee-dollar-forex-idINDEE97R02J20130828

Sonia's gotten her electoral Brahmastra to wield in the form of the Food Security Bill. Now watch as its power dims before her eyes. Will India have to go beg the IMF for rescue?

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