26.06.2013 - Debating the Indian rupee
Itís not difficult to argue that the economy and the currency could have been managed better. Discussions in policy circles and the financial market is being dominated by the sliding rupee. Though the rupee was witnessing downside pressure for a while, concerns have mounted a great deal ever since the US Federal Reserve laid out a fairly clear path of action to scale back its asset purchase programme. The slide in the rupee and the changing dynamics of the global financial market raise a number of fundamental questions on the state of the economy and the stance of the central bank which needs to be debated...............................................Full Article: Source
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