Rupee slide is part of the story

We are much better placed than in 2013 with our overall fundamentals much stronger - higher foreign exchange reserves, a more favourable growth-inflation mix and an institutional framework for targeti

One cannot fault the currency markets for feeling a sense of déjà vu in the last few weeks although some intermittent relief has been felt recently. Emerging market (EM) currencies have been on a roller-coaster ride, similar to the “taper tantrum” period, only this time around it could be characterised as a “trade tantrum”. Today’s markets are reverberating ever so much to tweets and hashtags that June 28, 2018, will be remembered in social media as the day the rupee hit a life low against the dollar, slightly north of the 69 mark.

Although it feels as though we’ve seen this