House of the Year, India – DBS

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Arvind Narayanan, DBS India

Faced with a plummeting rupee, the Indian government attempted to shore up the country's current account deficit with a number of measures including banning plane passengers from bringing duty-free flatscreen televisions into the country. Luckily for the country's corporate sector, DBS had more practical ideas for dealing with currency volatility.

The rupee shed one-fifth of its value against the dollar after the US Federal Reserve indicated in May that it was considering tapering its bond purch