Tuesday, December 4, 2007

The Rising Star





The Reserve Bank of India CANNOT, under any circumstances, allow the Indian Rupee to go beyond INR 38/US$. Beyond this, the GDP would be affected. Already, it is expected that India will fail to reach its export target of $160bn this year, clocking just between $140bn to $150bn. If the rupee continues to appreciate, exports would be just one of our worries.

Indian Rupee (INR) vs. Other Currencies



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