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Rupee drops to record low, one year of the GST

The drop in the Indian rupee to an all-time low this week has inevitably triggered comparisons with the Taper Tantrum in 2013. But we don’t think there is major cause for concern. The external position is much improved since 2013 and there are good reasons to believe that the rupee will rebound over the coming months. This is the first edition of a new India Economics Weekly publication that is being added to your subscription.

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