Tuesday, October 1, 2013

A glass half full

............Be that as it may, looking ahead, there are indications that the current account deficit may be plateauing. While exports declined during the quarter by about 1.5 per cent, trade data for the first couple of months of the second quarter do suggest something of an exports revival. Given the extent of rupee depreciation over the past three months, this is not surprising and is most welcome...........

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