Friday, December 6, 2013

Persisting challenges

....... The RBI’s unconventional measures to shore up the rupee, such as through opening a separate window for oil companies, have also helped. Exports have received a major fillip in the wake of the rupee’s depreciation. But the narrowing of the CAD is also due to continued weakness in non-gold, non-oil imports. Any acceleration in growth will push up the import bill of these items. Finally, government policies might have......

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