May 14, 2014
Rs Gaining is a good news for emerging markets like India
Rs Gaining is a good news for emerging markets like India
Both domestic and external factors have helped the Indian rupee consolidate its position from Rs. 68.85 to a dollar on 28 August 2013 to the present level of Rs. 60 a dollar. The Indian government’s initiatives to bring the current account deficit under control and the RBI’s policy stance, while maintaining the export competitiveness, helped the rupee appreciate. Also, is the expectation of a…
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