Draw from the rupee’s strength

The recent appreciation in the rupee was not entirely unexpected, given the significant improvement in India’s CAD in FY14 and the $34 billion capital inflows in lieu of RBI’s special swap schemes. Such a strengthening of the rupee was an obvious outcome, sooner or later. However, what is more important is, given the tectonic shifts in global finance, whether the appreciating trend of the rupee is sustainable. 

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