India’s Rupee Completes Worst Week This Year on Growth Concerns

India’s rupee completed its biggest weekly drop since December after the government predicted economic growth will slow to the least in a decade.

Gross domestic product will increase 5 percent in the year through March 31, the least since 2002-2003, according to a Central Statistical Office statement released in New Delhi yesterday. The median of 34 estimates in a Bloomberg News survey was 5.5 percent. India’s current-account deficit widened to a record in the quarter through September and the nation has the biggest budget shortfall among the largest emerging markets.