Monday, May 12, 2014

The rupee, the dollar and election results

.....Its precipitous fall at one stage, in September, amidst mounting current account deficit (CAD) threatened macro-economic stability. As is well known, the deft measures undertaken by the government and the Reserve Bank of India (RBI) helped in stabilising the rupee. The regaining of overseas investors’ confidence is material to any discussion on the financial markets. More visible than any other financial market, the stock market has been reflecting the overseas investors’ confidence......

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