What RBI can do on the rupee

The rupee was in a remarkable state of somnolence for quite some time until August, but September has turned out to be the turning point. It crossed the 46 mark and since then has been falling or numerically increasing to cross 52 to reach an all-time high level in November. When the decline started, the number of 50-plus was not really conceivable, but now one cannot be sure as the value has changed by R6 to a dollar in less than three months. The questions that come up are: why is the rupee falling, where will it go, can anything be done about it and should we be concerned.

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