NEW DELHI: India’s premier ruled out on Saturday any suggestion that the country could suffer a repeat of its 1991 balance-of-payments crisis, as it grapples with a plunging rupee and a huge trade gap.
Prime Minister Manmohan Singh spoke a day after India’s currency hit a new low of 62.03 rupees to the dollar, and stocks posted their sharpest single-day fall in nearly two years.
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