Sensex, rupee are tanking: Dalal St has lost faith in UPA

The UPA government’s credibility on the economy has fallen so low that it ends up achieving the exact opposite of what it intends. It opened up FDI in many sectors, but nothing is coming in. It shackled gold and told us it was a worthless metal. Gold prices have just shot past Rs 31,000 per 10 gm. This has reassured investors that there is real value in gold and the government is talking nonsense. 

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