Thursday, December 15, 2011

Rupee depreciation: Are we on the same page?

That is what the Reserve Bank of India (RBI) Governor D Subbarao would like everyone to be on while discussing the sharp rupee depreciation against the US greenback. The Indian rupee has been mauled nearly 20 per cent in the last one year. And the downslide is unstoppable. The rupee closed at $52.22 on Tuesday, the second week of December 2011. Why the dramatic slide? Subbarao isn't the only one in the hot seat. ...........

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