Wait and watch is the best option…with rupee going down all the IT sector ppl r happy but the current market and inflation condition, consistent increase in crude oil price have made general people to imagine something bad is going to happen…May be we wld never go to back to the early 90 days bcz of the amount of $$ we have in our foreign reservoir re but its always better to take precaution. So I wld suggest let the market decide where should the decline stops but I beive RBI always have a close eye on the changing trends and would definitely take necessary steps in best interest of the country
Wait and watch is the best option…with rupee going down all the IT sector ppl r happy but the current market and inflation condition, consistent increase in crude oil price have made general people to imagine something bad is going to happen…May be we wld never go to back to the early 90 days bcz of the amount of $$ we have in our foreign reservoir re but its always better to take precaution. So I wld suggest let the market decide where should the decline stops but I beive RBI always have a close eye on the changing trends and would definitely take necessary steps in best interest of the country