In July 2016, when the Indian rupee was hovering around 67, we had forecast a revisit of the low of 68.85 (recorded in August 2013) and a subsequent fall to a fresh low of 69.5 and 72.2. The rupee revisited the August 2013 low of 68.85 by November 2016, but did not break below it to record fresh lows. Instead, the currency has strengthened sharply in the last couple of months, breaking above 6...