Best of BS Opinion: Defending the rupee, fiscal consolidation today & more

Here are the top BS Opinion articles of the day

The Reserve Bank of India’s recent measures aimed at boosting foreign exchange inflows to support the rupee will have a limited impact because of the overall global risk averseness. Also, as the top edit argues, defending the currency may become increasingly costly and perhaps unsustainable. Since the RBI has ample reserves to quell excess volatility, it should allow the rupee to depreciate in an orderly way, it says. Read it here 

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T T Ram Mohan explains why he thinks that though inflation may be above the upper limit of the inflation targeting framework there is room