The rupee's good news : Jamal Mecklai

I received a congratulatory email a couple of weeks ago from someone who reads my columns and with whom I occasionally correspond. He reminded me that in an article published in January, I had forecast that the rupee would range between 47 and 57 against the dollar this year, and that, with the year nearly half done, my forecast was still holding. His big question was: will this range hold for the rest of the year?...........

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