Monday, November 11, 2013

Indian worries!

......The policies of the Reserve Bank of India (RBI) vis-à-vis the Indian rupee, the national currency, has caused an alarming reaction and contributed to the free fall in the value of the currency against the American dollar. This has derailed exports and growth potential of Indian companies. While their prices are becoming more attractive and affordable to their importers, the cost of imported energy and foreign components eroded away any benefits.......

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