
Speaking to reporters on the sidelines of an ICC seminar here on Friday, Ghosh said that the rupee had experienced an orderly depreciation as it moved from Rs 64 to a dollar to Rs 70 over a span of five to six months. Whether the rupee touches Rs 72, it hardly matters, he said. Relating to GDP growth, he said as per SBI research estimates, in the first quarter it was expected to be 7.7 per cent in the first quarter and 7.5 per cent for the full fiscal.
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