20 Nov '11, 7am

Indian jitters over freefalling rupee: NEW DELHI: India's rupee, Asia's worst performing currency this year, cou...

Indian jitters over freefalling rupee: NEW DELHI: India's rupee, Asia's worst performing currency this year, cou...

NEW DELHI: India's rupee, Asia's worst performing currency this year, could be bound for "uncharted waters," analysts say, as fears about eurozone debt and a slowing economy pump demand for the dollar. The rupee slipped to 51.20 per dollar Friday -- a 32-month low -- with no sign that it has bottomed out. "There's nothing preventing the rupee heading into uncharted waters. We don't really know where it will stabilise against the dollar," Abheek Barua, chief economist of India's HDFC bank, told AFP. The rupee has fallen 15 per cent since July on worries over the debt crisis and concern about deceleration in Asia's third-largest economy, sparked by 13 rate hikes that have failed to curb near double-digit inflation. Former chief Indian government economic advisor Shankar Acharya has warned the economy could grow by under seven percent in the financial year ending March 2012 -...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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Delhi vs Mumbai

Delhi vs Mumbai

luxpresso.com 21 Nov '11, 12am

Wow Factor : Delhi tops a list of 10 most popular Indian cities for local and international travellers according to Hotels...

India police raid Bharti, Vodafone in telecom probe: NEW DELHI: Indian police on Saturday raided the offices of

India police raid Bharti, Vodafone in telecom p...

channelnewsasia.com 19 Nov '11, 9am

NEW DELHI: Indian police on Saturday raided the offices of two of the nation's biggest telecom firms, Bharti Airtel and Vo...