Opinion | Is the falling rupee a cause of concern?4 min read 04 Sep 2018, 09:13 PM IST
Foreign exchange reserves are only useful in reducing volatility and are not an antidote for poor economic management
The Indian rupee has depreciated more than 10% since the beginning of the year and is making headlines, especially after falling below the psychological mark of 70 against the dollar. Some experts have argued that India should raise foreign currency deposits from non-residents to support the rupee. As normally happens, the decline is also being used to attack the government. So, should one be worried about the depreciation in the rupee?
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