Six reasons why India's rupee is in freefall

When uncertainty reigns, investors all over the world turn to gold as a safe haven. But some countries are starting to take issue with their residents’ preference for storing wealth in gold bars, rather than bank accounts.  

India saw GDP rise 4.8% year-over-year in the January-March quarter. This was the slowest pace of growth in a decade. 

By Russ Koesterich: While I generally like emerging markets better than developed ones, one emerging market I’m not a fan of right now is India. As I explained in a recent post, I currently hold an underweight view of Indian stocks given India’s slowing growth, stubbornly high inflation, large current account deficit and chronic budget deficit.

By Macro Economist:The Indian stock market has had an incredible run as of late, up over 25% in the past 7 months. But under the hood, all may not be well, and India has the makings of a country heading toward its worst crisis since former Finance Minster (now Prime Minister) Manmohan Singh's early 1990's economic liberalization ushered two decades of prosperity.

Tom Lydon (ETF Trends) submits: If there was any doubt as to whether India’s economy and exchange traded fundscould sustain the growth of the last

This guest post was contributed by Arvind Subramanian, a senior fellow at the Peterson Institute for International Economics.  He notes two surprises in the outcome of India’s recently concluded election and suggests that India offers an alternative model of development for much of the world.

By Faisal Humayun: Until a recent flurry of reform measures was announced by the Indian government, equities in India did not seem to be a particularly attractive investment.Leaving aside recent developments, the Indian rupee was plunging, economic growth was collapsing, and corruption in the government sector made headlines every other day.

By Equitymaster: With selling activity picking up great speed towards the end of the session, indices in the Indian stock markets closed the day deep in the red. Sensex lost to the tune of 405 points (down 2.3%) whereas NSE-Nifty edged lower by 137 points. BSE Mid cap and BSE Small cap indices closed lower by 2.3% and 1.7% respectively. Almost all the stocks on the BSE-Sensex closed the day in the red.