India’s rupee plunges to new low, stocks down near 4%

India’s rupee plunges to new low, stocks down near 4% (via AFP)

India’s rupee plunged to a new low Friday and stocks saw their sharpest single-day fall in nearly two years on fears that foreign capital could flow back to the United States as the US economy improves. The rupee, one of Asia’s worst-performing currencies…