Rupee's plunge deepens worries over India's current-account gap

06/24/2013 | Bloomberg

The sharp decline in the rupee accelerated by signs of an impending end to quantitative easing in the U.S. is making India's current-account deficit that much more problematic. The gap narrowed in the latest quarter, but the falling rupee -- which touched a record low of 59.98 to the U.S. dollar last week -- means that even the latest US$21 billion deficit is too big to be sustainable.

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