Tag: Currency Depreciation

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Why Is Arvind Panagariya Asking RBI Not To Defend The Rupee?

Arvind Panagariya has advised the Reserve Bank of India not to let the rupee approaching Rs 100 against the US dollar dictate monetary policy decisions. In a post on X, Panagariya said the “psychology” surrounding the Rs 100 mark should not influence policy responses

Rupee Falls Past 96 Against US Dollar For First Time Ever Amid Oil Surge And Global Uncertainty

The Indian rupee plunged to a historic low on Friday, breaching the 96 mark against the US dollar for the first time ever amid...