Rupee notes
Media playback is unsupported on your device

Indian central bank tries to prop up falling rupee

The Indian central bank has been intervening in currency markets to buy the rupee, after it sank to a five month low against the US dollar.

The weakness is being put down to a run of bad economic news - but as Daniel Martin from Capital Economics claims, allowing the rupee to fall further may help the economy rather than hinder it.

  • 16 May 2012