Mania News
Abheek Barua & Shivom Chakravarti: Is depreciation the new normal? The sharp fall in the rupee has given the contrarians their moment in the sun. Forecasts of Rs 57 and Rs 58 to the dollar are being taken seriously by the markets and not being consigned to the crank’s corner. The majority view, however, is that after some more wobble, the rupee will appreciate again and slip below the 50-mark. In short, there will be gain after this bout of pain, as a newspaper
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