The indian economy is suffering from current account deficit that hit a record high of 4.8 percent of gross domestic product and an economy growing at a decade low of 5 percent. Fall in rupee is 50 per cent of its value in last five months. This is equivalent to what it was five years ago.
The main reason for fall in the rupee is India's current account deficit. CAD (2012-13): $88.2 billion (4.8% of GDP) = 8820 Crores
((gfx in))to counter this. RBI has put capital control on companies measures from the RBI to restrict how much its citizens and companies can invest abroad has raised fears of outright capital controls that would further undermine the confidence of foreign investor
For More information on this news visit : http://www.newsx.com/ Connect with us on Social platform at : http://www.facebook.com/newsxonline Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
