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Waiting for Godot: Will RBI's wait for a stable rupee be endless?

10 years ago

The INR has depreciated by over 25 percent over the last couple of years on the back of many factors including fiscal and current account deficits, rising inflation and falling GDP growth, strength in the US economy relative to the rest of the world and expectations of the US Federal Reserve (Fed) withdrawing its asset purchase program sooner than later.

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