Saturday, July 13, 2013

Some band aid

........If, by the measures the RBI and SEBI have taken, we are able to get a stronger rupee for a few days, it could do more harm than good in the long run. Indian companies that have recklessly borrowed in dollars, in disregard of the lack of a natural hedge as their revenues are in rupees, such as in infrastructure, would now think that if the rupee starts depreciating, the government will step in. This would ................

No comments: