My Comment on an article "Right level for rupee at 55? RBI may not let it strengthen below 59" published in the Economic Times Dated 31/03/2014 at 10:40 pm.
"Why Sir, what will be the problem if it pegs down to 56 or 55 per dollar?
Oil imports will be cheaper for us which is the major import item of our country. We can improve our CAD.
Our imports are more than exports done by us. So why not let it fall below 59 per dollar?"
"Why Sir, what will be the problem if it pegs down to 56 or 55 per dollar?
Oil imports will be cheaper for us which is the major import item of our country. We can improve our CAD.
Our imports are more than exports done by us. So why not let it fall below 59 per dollar?"
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