The first quarter of the Financial Year 2013-14 has ended on a note of more uncertainty than when the year began. Global economies continue to be sluggish, the tapering off of QE 3 ( Quantitative Easing or the Bond Buying program in the US ) has caused occasional tremors in the US markets and flight of capital from emerging economies like India.
The resultant rapid depreciation of the rupee ( it even touched 60 briefly last week ) is bad for the Indian economy which is already plagued with sluggish economic growth. However...
