Stronger rupee should make life less expensive in India
· Cairo time
The rupee’s recovery has eased some pressure on India’s economy. It has also left the Reserve Bank of India facing much the same problem: how to contain sharp currency falls while expensive oil and uncertain foreign investment keep demand for dollars high.For a family paying university fees abroad, a stronger rupee can mean a smaller bill. For someone earning overseas and sending money to India, it means fewer rupees reach home for the same…
