Wednesday, November 13, 2013

The rupee’s continuing troubles

..........There are a couple of domestic factors too that seem to be working against the rupee. The most important of these is the partial closure of the special window that was opened by the Reserve Bank of India (RBI) for oil companies to buy their dollars directly from the central bank. With apparent stability prevailing over the last few weeks, the RBI pushed back into the market almost half ............

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