Translated into simple English, the mandarins seem to be saying, We don’t really mind rupee depreciation – with all that it does to push up inflation and trouble India Inc while servicing its foreign borrowings – so long as we can blame it on someone else. We take full ownership of all hits, have nothing to do with the misses.
Translated into simple English, the mandarins seem to be saying, We don’t really mind rupee depreciation – with all that it does to push up inflation and trouble India Inc while servicing its foreign borrowings – so long as we can blame it on someone else. We take full ownership of all hits, have nothing to do with the misses.