🇮🇳 India
4h ago
India has brokered a rupee truce, not won peace
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By Andy MukherjeeIndia has announced a raft of measures to revive global confidence in the sagging rupee. The best thing about the package announced Friday is what’s not in it: capital controls.During the 2013 currency crisis, authorities had slashed the dollar amount that individual savers could legally take out of the country in a year. This time, they wisely left the $250,000 limit untouched. Nowadays, when that money is widely used for everything from funding foreign education to buying stoc
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