Rupee’s sharp decline puts spotlight on RBI’s intervention strategy
Rupee depreciation sparks debate on RBI's intervention strategy and currency stability. Mumbai: As the Indian rupee continues to weaken against the US dollar, calls are growing for the Monetary Policy Committee (MPC), which begins its three-day meeting on June 3, to discuss measures aimed at stabilising the currency. According to an internal economic research note, the Reserve Bank of India…
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