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India Economy

An Indian roadside vendor selling clothes awaits customers in Hyderabad, India.

On the Street: Snapshot of the Indian Economy

The Indian rupee fell to a record low against the dollar Monday despite

the measures to curb its decline. India recently tightened restrictions

on the amount of money Indian companies and individuals can send out of

the country, trying to curb a sharp decline in the rupee. The U.S.

dollar has risen about 15 percent against the Indian rupee this year,

pushing up costs for oil and other crucial imports, amid stagnating

economic growth.