Need deep reset, no quick fix, say experts as rupee hits new lows
“These measures will widen the current account deficit, but there is a point at which improved asset valuations can once again crowd in foreign savings,” Dalal said. “To this extent, disinvestment, including through the National Monetisation Pipeline, can help limit the drift towards weakening in fair value, although some further weakness will still need to be countenanced.”
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