Tumbling Indian Rupee against Dollar
My blog on 16.08.18 about sliding rupee.
FM Arun Jaitley
vindicated my stand on weak rupee at a time when Sensex cross 38000 Point.
He also observed that a weak rupee along with
volatile oil prices has the potential to exert pressure on the deficit and consequently
on the Current Account Deficit (CAD).
This is worrisome and Reserve
Bank and other agencies should evolve a mechanism to contain rupee below 60 Per
Dollar.
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