RBI unlikely to react to rupee slide with off-cycle rate move: Sources – CNBC TV18
The rupee's slide toward the 97-per-dollar mark had triggered market chatter around a possible emergency response from the Reserve Bank of India. But sources close to the central bank said policymakers remain more focused on inflation dynamics and growth risks than using interest rates to stabilise the currency.The Reserve Bank of India (RBI) is not considering an off-cycle monetary policy…
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