Just last week India's currency, the rupee, sank to a record level, prompting the Indian Prime Minister's attempt to reassure markets, stating "There is 'no question' of India going back to an economic crisis experienced in 1991, as its rupee currency is now linked to the market and foreign exchange reserves are adequate." Nothing is confirmed until officially denied. Bob speaks with Mike Shedlock, author of Mish's Global Economic Trend Analysis, about the decline in India's rupee and emerging markets. Source
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