Thursday, June 27, 2013

Why RBI has failed to defend the Indian rupee

...................The rupee is the worst performing currency in Asia and the second worst in emerging markets after South African Rand. Analysts told NDTV that the RBI does not have the fire power to defend the rupee. The RBI is seen lacking fire power because it does not have reserves and there is "short rupee" in the system.....................

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