It was very recently, (few months back) that agencies like FITCH and Moody's warned of this.
,
Anyways once the rupee falls further, prices of imports such rice, dhal, flour, fertilizer for crops will go up. After all, we import everything.
Even now, due to high price of imported fertilizer vegitable prices has gone up
Its interesting to see how people will react.
There has been talk of international sanctions on Garments and Tea by western countries in SL leans towards china..
This is an interesting development too