The rupee is on everyone’s mind. What is the “fair” value of the rupee is a question for which no one has a definite answer. In one sense, that is correct. The fair value of the rupee is the value we see—what you see is what it is. Currency markets around the world are inter-linked with an aggregate volume of intra-day trading of about $4 trillion a day. So stop fretting about the value of the rupee—it will be what it will be.............
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