Rupee breaks above 81, policy challenge: let it find its value or burn forex, hike rates
As the the rupee broke the 81 mark against the US dollar Intraday Friday, policymakers in New Delhi face a dilemma, with the Reserve Bank of India (RBI) burning foreign exchange reserves at a blistering pace this calendar year to prevent exchange rate volatility – an intervention that many in the market think is to …
Rupee breaks above 81, policy challenge: let it find its value or burn forex, hike rates Read More »