Friday, April 30, 2010

A Ray of Hope…

Mr. Anand Sharma, Minister for Commerce & Industry, said yesterday that the RBI need not intervene in the Forex Market to counter Rupee appreciation “right now”.

This, despite the Rupee appreciating by close to 5% since the beginning of the year. His statement offers a ray of hope, but the “right now” restricts it to just that… a ray.

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