RUPEE HIJACKED?

Measures taken by government to avert the collapse of rupee could not yield results, because the reason for the fall could not be identified.

Why the spurt of demand for dollar? Where all the dollars have gone? Is the theory 'demand and supply' stands good in the case of dollar? Can this be artificially created? Can any country corner dollars from our court yard? Can it be an internal sabotage?

Whatever it may be, there can be a new economic theory- artificial/forced devaluation.

KVGeorge
Kerala, India

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