Rice prices in India fell sharply this week from multi-year peaks hit last week due to a depreciating rupee and slowing demand, while a lack of fresh deals weighed on rates of the staple in other major exporters in Asia. Top exporter India’s 5 percent broken parboiled rice prices fell by $15 per tonne to $432-$436 after rising to the highest level since September 2011 last week. Thailand has cut prices sharply in last few days. Buyers are now expecting a further reduction in prices by all sellers