BHarwana
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You are right in case of rupee depreciation but you are wrong on forex reserve and economical growth ..
I am not wrong on the foreign reserves as well. If RBI intervenes on rupee your foreign reserves will plunge down. When rupee touches 72 the pressure on Modi will mount and he is going to utilize foreign reserves to stop it and this will further worsen. Indian economy in bad shape and needs a breather. Modi is in a trap. March 2019 is a deadline for India.