Why FM is hemming and hawing on rupee, gold and rates
Yesterday, the Finance Minister said many contradictory things: there is no cause for alarm on the rupee; and yet banks must discourage customers from investing in gold. Banks must also cut interest rates. “There is no alarm bell on the rupee front. I think the rupee will soon find its stable level. (Foreign) inflows are good. In the past two months, it was extremely good,” DNA quoted him as sayng.
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