Indian rupee: Vulnerable as ever

Nov 11 2013, 20:04 IST
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SummaryIndian rupee: Policy focus has to shift from funding the CAD to reducing it on a permanent basis

regime required for a stable growth economy cannot be achieved unless the structural issues are addressed to improve productivity and keep a stable inflation environment, resulting in a more stable fiscal deficit and external sector which puts India on a sustainable growth path with stable FD, CAD, inflation and growth.

Piyush Garg

The author is executive vice-president, ICICI Securities

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