Economy - Voice of America: India's Currency Plunges to Record Low

Economy - Voice of America economy-and-business

India's Currency Plunges to Record Low May 18th 2012, 12:16 NEW DELHI - India's currency has plunged to an all-time low versus the dollar, due to the Eurozone debt crisis and a slowdown in the Indian economy.  The Indian government is scrambling to shore up its finances. Signaling that India's economy faces tough days, Finance Minister Pranab Mukherjee says the government will have to impose unpopular austerity measures. These could include restrictions on buying new cars and overseas travel for officials.     The ... Media files: 8DC72FEF-68CF-4157-860A-693F2C4D40C8_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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