Can RBI break the rupee’s fall?

The developed markets swooned after the Ben Bernanke bombshell in May of possibly tapering the quantitative easing that the Fed is currently engaged in, but quickly recovered on the reassurance that the tapering would be calibrated. However, the rupee fell and has remained fallen, and Indian importers, exporters and currency traders, as well as foreign investors looking at India, are detecting panic in the actions of the government and RBI.

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