Free Press Journal
  • Grapple with the rupee & oil but don’t panic

    The big news this week was on two key prices. One is the price of the almighty dollar, and the other is the price of petrol (or diesel). These two are the most important price signals in the economy.  And both are of imported items. India has a huge shortage of oil since domestic supplies meet barely one fifth of our requirement. We also have a perennial shortage of dollars, because what