Focus on the fundamentals

Abstract

Like the weather, the economy continues to surprise. The successfully tested measures of 1998 by the RBI are refusing to yield expected results in 2013. Nearly a month of relentless efforts by the authorities has not been able to suppress the Indian Rupee which continues to plumb new depths. On August 16, the Indian Rupee touched Rs 62 against the US Dollar. A pertinent question is: why did the same harsh measures succeed in 1998 and not in 2013?. In the determination of exchange rates between two countries, many factors play a role, particularly economic. many factors play a role, particularly economic. While the Indian economy is continuing its downward journey, the US economy is beginning to recover.

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