If the 10 year RBI data on short term foreign debt is analyzed, it is fairly obvious that the UPA destroyed the value of the Rupee. In 2004 when the Vajpayee Government was voted out, the foreign debt at $ 112.4 billion was well covered by the forex reserves. Nine years later it has grown by 350 percent to $ 390 billion and the forex reserves cover falls 25 percent short................
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