India's rupee has fallen to a new record low against the dollar, despite a slew of government measures to halt its slide. Now one expert warns of a "more fundamental recession".
The Indian rupee has turned out to be Asia's worst-performing currency this year as the nation's economy struggles with rising oil prices, a widening current account deficit and broader emerging market concerns.
Almost two months after Imran Khan took office as Pakistan's PM, reality is knocking hard on the doors of his government. Wracked by a raft of financial challenges, the country has become an economic basket case.
High fuel prices, fare wars and a depreciating rupee are making it difficult for Indian airlines to stay aloft. Despite increased passenger numbers, observers say operating models have to change.
Emerging market economies and their currencies have come under severe stress in recent weeks, as rising US interest rates and trade fears prompt investors worldwide to shun their assets and move money to the US.
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