Boost economy, rupee will revive

It is not just the rupee that has weakened: the US dollar has hit a three-year high against major currencies, thanks to signs of stronger-than-expected vigour in the US economy, as revealed by the better-than-expected jobs data released last Friday. US bond yields, artificially depressed, thanks to the Fed's sustained, large-scale purchase of bonds that is now expected to be scaled down, have nudged up.

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