Home Economic Trends Why does India’s rupee continue to fall? | Counting the Cost –...

Why does India’s rupee continue to fall? | Counting the Cost – source – Al-Jazeera (10/02/2018)

While India is often referred to as world’s fastest-growing large economy, its currency has fallen by more than 12 percent this year against the US dollar. The Indian rupee is now the worst-performing currency in Asia – despite efforts by Prime Minister Narendra Modi to turn the tide.