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How much did the rupee slide?
Jun 26, 2013

Is Rs 60 per dollar set to become the new normal in terms of India's exchange rate? Ex RBI governor Dr Bimal Jalan believes that the 35% depreciation of rupee versus dollar over past two years can be blamed squarely on policy deficit. If the country continues to import without focusing on exports and trade balance, its BoP situation is bound to go out of hand. Once the trade deficit situation is checked, it would automatically ease pressure on the external debt situation.

Source: Trent

This Chart Of The Day was published in The 5 Minute WrapUp - Will government wait for 1991 like crisis to respond?

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