It is hard to restore confidence in the rupee under the present conditions. Because for that a major perquisite is the restoration of faith in the UPA government. Since that does not seem to be happening, the rupee, and the stock markets, are set to remain volatile till a new government is in place after the next parliamentary poll. Yes, the UPA can still minimise the damage if it has the good sense to use the one option which has a very good chance of succeeding. And that is to go to the IMF to bolster its dollar kitty..........
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