Wednesday, 16 October 2019
TIME 9:34AM IST
I am tempted to write on the rupee today. I am not giving the technical levels. IMF has reduced India’s growth forecast. I believe that lower growth has already been factored in by the currency markets as well as bond markets. Export-Import numbers also suggest caution among importers. India has yet to take off import substitution (manufacturing) measures in a big way. Bright Brexit chances by the month end has resulted in UK pound galloping since last Friday. Euro is getting weighed down by fundamentals.
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