If, indeed, the rupee does tank, this would weaken the balance sheets of many companies and push more and more of them to get even more risk-averse, and the long dreamed of investment cycle will be further delayed.
RBI, of course, has been steadily buying dollars—its reserves have risen by over $1 billion for seven straight weeks—no doubt aware that a stronger rupee would be disastrous for both the export sector, and local manufactu
Today, Istanbul is an amazing place, a wonderful blend of khandani and hip, reflected in the extraordinary traditional architecture sitting side by side with very sophisticated contemporary art; in sync, the people live a sen
In the end, nationalism will always fail both because it is antithetical to the human spirit and also because, being inward-looking and exclusive, it leads to poor—and, sometimes, disastrous—economic outcomes.
After every sharp decline, there is a reaction; and, after the reaction runs its course, the rupee continues back down—usually below the previous all-time low but, at the very least, back to that level.