Poor rupee seems to make the rich richer

....The country's macro and micro- economic indicators are a major concern of the exchange market because of the economy's heavy dependence on imports which is growing by the day. The total annual servicing cost of external commercial borrowings and trade and balance of payment deficits far outweigh the Reserve Bank's foreign exchange reserves, which are under constant pressure from increasing import demand and frequent profit booking by FIIs in the volatile stock market. There is no immediate hope for the rupee's revival, unless........

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