Why the RBI is risking an appreciating Indian rupee – livemint
MUMBAI: The recent recognition by the Reserve Bank of India (RBI) that the appreciation of the rupee is helping to offset imported inflation has left many market participants perplexed.
This statement was considered strange, especially when the RBI has maintained a strong hold on the exchange rate so far by absorbing dollars to keep the rupee from appreciating. In addition, the central bank…