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Currency swap deals should be India’s top priority – opinion
June 25, 2012
India should strike currency swap lines with its top trading partners as quickly possible to shield itself from volatility and prop up stumbling growth.
The warning signs are blatantly clear: India is facing a severe foreign currency crunch. First, the rupee nosedived to a record low today to 57.2 against the dollar, making it nearly 30% more expensive for Indian firms to buy US...
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