Rupee Devaluation

The devaluation decision came as a preemptive move to prevent "draining Iraq's foreign reserves" and help government to secure public servants' salaries, the bank said

Almost all the talk at present is about import substitution and raising tariffs, but a fundamental reason for India's recent slowdown has been its failure to generate export momentum, writes T N Ninan

Dave says special dollar deposit schemes are not required at this point as the rupee's loss is more or less over

Economists say the benefit of a strong rupee outweighs the advantages of a weak currency