
***The fall in the rupee has been triggered by two immediate factors: the above 50 per cent penal tariffs imposed by the US and the huge hike in H-1B visa fees. These may hurt goods and services exports, besides remittances. However, even a rise in CAD from 0.6 per cent to 1.2 per cent of GDP, estimated by economy observers, is unlikely to upset the balance of payments apple-cart–BL
