Emerging India Derailed By Currency Disaster

One of Asia's most touted economic success stories looks to be on the rocks as the currency has depreciated by double digits since the middle of last year.
While the government's central bank has attempted to stem the tide, it's been widely ineffective in halting the slide.
Foreign investor's are deservedly concerned over the turn of events and market sentiment remains negative.
At the same time India's tourism industry remained embattled over negative international media regarding a series of acts of violence against both local woman and tourists.