India Fighting Worst Crisis Since ’91 Limits Capital Flows

India Fighting Worst Crisis Since ’91 Limits Capital Flows

Graham Crouch/Bloomberg

A man carries sets of computer speakers in Nehru Place IT Market in downtown New Delhi. Policy makers’ moves since July to tighten cash supply, restrict currency derivatives and curb gold imports have failed to arrest the rupee’s slump to record lows as they struggle to attract capital to fund a record current account deficit.