October 25, 2013
The near-crisis witnessed this year will be the subject of many future exegeses. "History is that certainty produced at the point where the imperfections of memory meet the inadequacies of documentation," says a character in Julian Barnes' Booker-winning novel, The Sense of an Ending. Pre-empting the writing of such "certain" future histories requires exploiting the objectivity that recency provides, to get the facts down, straight and quick.
What happened to the rupee between May and October? What helped? What hindered? The evolution of the rupee, illustrated in the graphs, allows four hypotheses to be tested. (Click for graphs)