Rupee Needs Unambiguous Support to Hold the Forte as the Shock Takes New Dimension

SBI ERD
Unprecedented times call for unequivocal, unprecedented and unambiguous supports. With parallels rife between 2013 and present in terms of supporting the rupee, it is pertinent to understand the differences between the two periods, one checkmated with umpteen doubts on the fiscal health of the sovereign, the other being the current period when higher, benign growth is largely domestically driven and macros remain hygienic though rupee is still depreciating.
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