Friday, May 31, 2013

Humpty Dumpty Rupee in a borewell

Rupee has followed numerous Indian kids down the borewell after the worker bees have turned net consumer in the hive.

More spending than earning has finally pushed rupee to a corner where speculators have taken over the charge with heavy punches and blows. Poor thing right now is in catch 22. Any efforts to rescue might push it deeper in the well.

The assaulted rupee is bound to have its toll on Indian economy and stock markets in near future. Govt. spending cuts and interest rates hike, though not desirable, are the only two options left. Speculators will also be leashed.


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