Tuesday, August 27, 2013

Raghuram Rajan to force RBI focus onto Indian rupee, but analysts see plunge to 69

.........."Raghuram Rajan could streamline the RBI's focus to stabilising the currency and inflation while being supportive of growth," said Nizam Idris, head of FX strategy at Macquarie Bank in Singapore. "The RBI must realise it cannot control the Indian rupee, rates, capital flows and inflation all at the same time." Most of the RBI's moves to break the Indian rupee's fall so far have not helped............

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