A picture speaks a thousand words.
This blog showcases my sketches, artwork, cartoons and illustrations with which I try to depict latest happenings around us.
Thursday, August 29, 2013
RBI governor D.Subbarao has been clueless in the last couple of months.
Rupee has depreciated against all major currencies. A lot of it can be
attributed to internal issues of widening CAD, approval of Food
security bill at a stage when the exchequer is short of budget, policy
paralysis and our PM who refuses to break his maun vrat. External
factors like increasing crude prices and global political uncertainty
around U.S. stance on Syria are also noteworthy factors. Subbarao's
tenure as RBI governor ends on September 5, and he would be really
disappointed that he leaves on such a bad note (read Rupee).