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Rupee plunge knee-jerk reaction, recovery on the way: Economists

Rupee plunge knee-jerk reaction, recovery on the way: Economists

Rediff.com21 Jun 2013

The rupee's plunging to record level and a sharp fall in the equity market are knee-jerk investor reactions to the US Federal Reserve's saying the it will slow down bond-buying programme in view of improving American economy.