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India does not need IMF loan to fix economy, says Kaushik Basu
Fp Staff •Speaking exclusively to CNBC-TV18, Basu said capital control measures and import restrictions are unwarranted in the government's fight to shield the rupee.
Decoder: Why rupee crossed 65 against dollar
Fp Staff •The rupee fell to a record low today and breached the 62 mark against the US dollar as Reserve Bank of India measures to tighten capital outflows and curb gold imports were seen as unlikely to prop up the currency and could even spark further selling if they spook foreign investors.<br /><br />