The daily volatility (annualised) of Rupee during the period from January 1 to September 30, 2014 remained at 5.9 per cent as against South African Rand (11.5 per cent), Brazilian Real (10.8 per cent), Turkish Lira (10.6 per cent), Russian Rouble (9.9 per cent) and Indonesian Rupiah (6.9 per cent).
Let us take, for example, the annual growth rates of credit in BH in 2006, 2007 and the first half of 2008. Just before the Global Financial Crisis (GFC), loans to private sector were growing at the rate higher than 30 per cent annually.