India needs a strong Rupee Dollar exchange rate – not hordes of low-yielding USD’s

With the loosening of Monetary policies by Central Bankers round the world (US, Japan and now EU) and concurrent ratcheting up of India GDP growth prospects with coming in of Narendra Modi, India is likely to see ever-increasing FDI inflows for a long time to come. The key Question before Governor Raghuram Rajan is – to build a war chest of USD’s or to let the INR appreciate against the USD. My take: #IndiaFact – We are a nation with huge appetite for consumption. We are also a country ripe for modernization of our industrial capacity, technology and infrastructure;...

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