Monday, May 14, 2012

Forex Dilemma 13


1 USD = INR 53.92
Shame!
RBI is supposed to be intervening in the forex market.
Too little too late.
India is highly dependent on oil imports. It will have cascading effect on the already high inflation even according to the skewed govt figures.
Strengthening of the rupee to INR 35 to a dollar levels will ensure sustained growth for the nation.

Dhakshina Moorthy, K.M.

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