Managing the rupee fall

The rupee's continuing slide against the dollar will have troubled the government in New Delhi as well as the Reserve Bank of India (RBI). The rupee lost over five per cent of its value in the month of June alone, and a smaller but comparable amount in the previous month; in general, over the past two years, it has depreciated around 40 per cent, from about 44 to the dollar in July 2011 to about 61 to the dollar now.

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