Arvind Panagariya says RBI should not defend the rupee at 100 per dollar, arguing depreciation is the right response to rising oil pressures.

Arvind Panagariya advises RBI to let the rupee depreciate past ₹100 to a dollar amid current oil shortages.

Arvind Panagariya says RBI should not defend the rupee at 100 per dollar, arguing depreciation is the right response to rising oil pressures.

Arvind Panagariya, Chairman of the 16th Finance Commission, advises the Reserve Bank of India to allow the Indian rupee to weaken. He believes aggressively defending the currency…

The Reserve Bank of India (RBI) should not let the psychological barrier of Rs 100 per dollar dictate its monetary strategy, and the right approach under current conditions is to…