..........Brokerages like Barclays and Standard Chartered are now making projections of six per cent GDP growth in 2014-15. That is at the upper limit of the Reserve Bank of India (RBI)'s projections and higher than the 5.8 per cent mentioned recently by Finance Secretary Arvind Mayaram. The MoSPI estimates of Q1, GDP growth will be released on August 29. After two fiscals of sub-five per cent growth, six per cent would be a big turnaround. If we offset the CAD numbers implying 2.5 per cent GDP growth in dollar terms, versus the six per cent rupee-denominated growth assumptions, the rupee is expected to fall by about...........
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