Economic gloom deepens as rupee fuels inflation

The risk is that a plunging rupee will be seen by investors as reason enough to pull capital out of the country, adding yet more downward pressure on the currency and setting off a balance of payments crisis.

Rupee`s decline adds to India`s woes

India relies on capital inflows to fund its current account deficit, but self-inflicted wounds and investors` worries about troubles elsewhere has been driving capital away.

Rupee gains 17 paise at 48.25 against dollar in early trade

The Indian rupee turned stronger
after a brief break yesterday and was quoted higher at 48.25
against the greenback in early trade on Wednesday on the back of
bullish equity markets and dollar sales.