Part 1/8:
The Crisis in India: Currency, Stocks, and Economic Realities
In the first month of the year, India has found itself grappling with a severe currency crisis. The Indian rupee has plunged to another unprecedented low, sparking alarm as the Reserve Bank of India (RBI) exhausts its foreign reserves at an alarming rate. Concurrently, the stock market has tumbled, with the Sensex shedding over a thousand points in a single day. The government has been forced to reassess its growth expectations downward, while dubious claims of double-counted gold imports have further muddied the waters.