It’s the rupee again

The rupee has become the joker in the pack once again. Not a long time back we had analysts talking of the rupee appreciating with serious talk of it reaching the 50 to a dollar mark and the debate was on how soon this would be a reality. Going one step forward economists were already discussing on what RBI should do to stop the appreciation given that exports would be impacted. Everyone seemed to be gung ho about the India story and the fact that exports looked positive between January-March added to the conviction.

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