Saturday, August 17, 2013

Rupee fall: Ben Bernanke can do what the FM & RBI failed to achieve

.............What can probably stop this flow depends on what the Fed Chairman, Ben Bernanke does. If he continues with the quantitative easing, liquidity flow can continue and there can be some hope of money coming to India. Otherwise,the only possible way of reviving the rupee would be via direct intervention by the RBI. This, in our Bollywood scenario would be akin to a mouth-to-mouth resuscitation.

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