Indian Currency Slides to All Time Low

As the Indian currency slides to an all time low against the dollar, the Indian Finance Minister is trying to bolster confidence in the country’s flagging economy.

The rupee’s slide this week came on the heels of steady losses over the last month. Overall the Indian currency has slipped by 8 percent since the start of May.

India’s Finance Minister P. Chidambaram Thursday tried to calm fears that the falling currency will put further strain on the flagging economy. He said India’s huge …

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