The masala bonds to be traded on the LSE are a timely idea, but for these to acquire a reputation for safety, global investors would need to be assured of the rupee’s stability
Foreign loans could prove hard to pay back if the rupee crashes
The ongoing crisis of the economy demands clarity and not howls and shrieks
It may retard an economic recovery, but halting currency speculation is critical too
A strong currency is the focus of the Finance Minister’s plan to stabilise the economy rightaway
Gold prices had been rising on the expectation that the US Federal Reserve will print more money (and thus devalue the dollar)
The rupee is Asia’s worst performer this year, having tumbled by 15 per cent. There are domestic reasons for it too