Saturday, August 24, 2013

Just let the rupee go

India’s currency has been in the news, not just here but internationally. Its decline has spawned worry, anxiety, panic and also humour. Two samples: on Rakshabandhan day the Rupee tied a Rakhi to the Dollar saying “Meri Raksha Karo”! In one of the advertisement, the hero says “Thank God I have a Dollar underwear. If it was Rupee brand then it would keep dropping!.” To avert the seemingly bottomless fall of the Rupee the Reserve Bank of India swung into action a few weeks ago...........

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