Currency Crisis Far From Over
  • Gaurav Sarkar
  • Jul 12 2013

The rupee may have stabilised but the currency crisis is far from over with a ballooning balance of payment and an external debt of nearly $400 billion. Jitters across north block and regulators as short term debt repayment in the next one year is close to 60% of forex reserves...is the govt doing enough or rather can anything really be done to stop this forex fire given that India's 284-billion dollar foreign exchange reserves cover less than six months of imports