I watched a press briefing given by the Finance Minister; I was impressed, quite polished he is. He stated that the Rupee is undervalued in his opinion and it will stabilise and find its own level. India has Reserved of some USD 280 billion and the Country should stop importing Coal and Iron ore. India cannot be an Industrial country if it cannot produce steel!
Seems to me in short time Mining will resume... For the last two days the Rupee is holding up. -- DEV BOREM KORUM Gabe Menezes.