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Markets in March: Only fear and no greed

The Morning Brief

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Is There Any Reason to Panic?

There is no reason to panic about the rupee, says Sajid Nawaz. The trade-weighted real effective exchange rate has been stable close to 100 for two years. But in the medium term, it's not clear that current level with close to fair value would be a good enough reflection of India's economic situation. He adds: "We should hope to see at the appropriate time that the RBI lets go"

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