The rupee’s steep slide to the 79-to-a-dollar range is bound to impact importers, widen the current account deficit (CAD) and spur the value of India’s external debt. But how much of a problem is this going to be for the Indian economy, given that the rest of the world is facing economic challenges as well?
Here we discuss whether the declining rupee presents a crisis or an opportunity.
Guests: Indranil Pan, Chief Economist at Yes Bank; Zico Dasgupta teaches Economics at Azim Premji University
Host: K. Bharat Kumar
Read the parley article here.
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