The intent of this analysis is to decipher the rationale behind RBI’s recent regulation to stem the rupee volatility and to establish whether these measures could potentially open up a few positives (beyond a support for the rupee) for us in the near term. I believe that the benefits of steps taken by RBI will be visible in some time and that RBI could perhaps tweak some regulations to achieve its goal, at the same time balance expectation of the stakeholders............
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