The Slide of the Rupee

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Is Bernanke Responsible?

Commentary

Rohit

Vol. 48, Issue No. 31, 03 Aug, 2013

The Slide of the Rupee

Vol. 48, Issue No. 31, 03 Aug, 2013

Commentary

Rohit

US Federal Reserve Chairman Ben Bernanke's statement appears to have caused a free fall in the value of the rupee, or so the Reserve Bank of India would have us believe. But the value of the rupee vis-à-vis the dollar has been declining since August 2011. The economy will have to settle for a protracted slow growth or high growth with high infl ation. Else we will have to consider a radical reorientation of policy.

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