Rupee at 68: Sorry Chidu, you are as responsible as Pranab

It is never a good idea to spit against the wind. And yet, P Chidambaram tries to do precisely that. He has been repeatedly telling us that the rupee is undervalued at a time when the global winds are blowing against us. He is being proved wrong on a daily basis. On Wednesday (28 August), as the rupee breached 68 to the US dollar in the face of global uncertainties, including the building confrontation with Syria, Chidambaram was again quoted in the media as saying the rupee...

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