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Falling rupee not a trade gap solution
The falling rupee's impact on India's widening trade deficit is unlikely to be in a single direction. Nor is the overall effect clear at the moment. The trade deficit, the excess of merchandise imports over merchandise exports, rose to $184 billion in 2011-12, around a tenth of GDP, higher than in the global financial crisis period of 2008-09. Though the rupee fell against the dollar for most of the
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