Slowest India Growth Since 2009 Pressures Singh to Support Rupee

Slowest India Growth Since 2009 Pressures Singh to Support Rupee

Dhiraj Singh/Bloomberg

The rupee has slumped 16 percent versus the dollar this year as India’s record current-account deficit made it vulnerable to an outflow of capital from emerging markets, spurred by the prospect of reduced U.S. monetary stimulus.