Monday, 26 August 2013

Rupee crisis may not worsen further, say experts:

Whether it is worth being taken for granted or not is a different matter but there are experts who opine that the rupee crisis may not prolong. It is difficult to comprehend as to what could theirs be the logical basis in the matter except that the Finance Minister, P. Chidambaram continues beating a parrot in his every day repetition that there is no reason to have a panic on rupee crisis. Besides the Government, there are some economists who hold a view that it is the saturation point for dollar and that it has no likelihood of rising further in view of the indications of the global market. As at the moment, rupee stands at 64.25 against dollar which level is comparatively lower to what has been obtaining during the last week. What is the source of this lowering down is not visibly clear; if it is a trend, it is a welcome sign, if it is just a chance, it is only disparaging.

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