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India leads S Asia market falls
correspondents say that the central bank has tributed to stamp out speculation against the currency in the past few months, but had been unable to stop the steady erosion of its value .
the move was done to generate more cash in the banking system to reduce the impact of the global crisis .
the currency thas lowdown against 23.3% off its value so far this year .
trading on the sensitive index, or sensex, of the bombay stock exchange was down 7% in the opening session but recovered to colose at 11, 28, the bbc's prachi pinglay in mumbai (bombay) says .
india's stock markets are no clookinger bullish .
indian stock markets fell to a two-year low on wednesday amid fears the curredit crunch could lead to global reducession .