Home From the Wires Toilet paper more valuable than rupee in India

Toilet paper more valuable than rupee in India

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Wednesday, August 28, 2013

YahooFinance:  Toilet paper is holding its value in dollars better than the nation's currency.

India is slowly, or rapidly, becoming a complete financial disaster. Growth has slowed and the nation is trying to do what it can to fight inflation while still trying to juice up the economy. India is one of the great BRIC emerging market nations, but it is not living up anywhere close to its potential. So, the question is, what can they do now that the rupee is hitting yet another all-time low?

 

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