 "rupee")
Here is the best of Business Standard's opinion pieces for Thursday.
With the given global backdrop, it is clear that there will be pressure on the rupee. However, the Reserve Bank of India would do well to not defend it despite large reserves as has been argued by some. Reserves should only be used to contain undue volatility and not to defend the currency at any particular level, argues our lead editorial.
In other views:
Instead of focusing on one over the other, India needs to view services and manufacturing as complementary, not exclusive activities, writes
