The China phenomenon is quite impossible to analyze and one should not rush out to buy imagining the world would straighten out in a few days, warns Udayan Mukherjee.
India's exports rose to a two year high of 13 percent in August on account of improved global situation, enabling trade deficit to fall to a four month low of USD 11 billion, aided by subdued gold imports.
Jamal Mecklai, CEO, Mecklai Financial Services says that the government and Reserve Bank of India (RBI) should have come out with a slew of measures to curtail the fall in the rupee.