Tuesday, July 9, 2013

RBI is likely to pause in July review of monetary policy: K Harihar, FirstRand Bank Ltd

............ In fact, the former Deputy Governor of the Reserve Bank of India, S S Tarapore, who is very well respected, he in fact urged that the rupee's real value, fair value should be something quite alarming at 70 to the dollar and while we might not go up to 70, is there a case for allowing the rupee to weaken further if only to restore competitiveness?...........

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