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‘100 is just a number...let rupee depreciate or reserves will bleed out’: 16th Finance Commission chief Arvind Panagariya’s advice to RBI
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 with foreign exchange reserves is a losing strategy. Panagariya suggests that letting the rupee depreciate is the correct response to rising oil prices and currency pressure.
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economictimes.indiatimes.com
Rupee under pressure; crude oil, bond yields and dollar strength create perfect storm: Naveen Mathur
The Indian rupee is facing intense pressure due to rising crude oil prices, a strengthening dollar, and widening deficits. The Reserve Bank of India has actively intervened,…
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cryptobriefing.com
Reserve Bank of India considers rate hikes and currency swaps to stabilize the rupee
The Reserve Bank of India weighs interest rate hikes, $15B in currency swaps, and dollar reserves to stabilize the rupee amid capital outflows and a strong dollar.
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‘100 is just a number...let rupee depreciate or reserves will bleed out’: 16th Finance Commission chief Arvind Panagariya’s advice to RBI
Arvind Panagariya, Chairman of the 16th Finance Commission, advises the Reserve Bank of India to allow the Indian rupee to weaken. He believes aggressively defending the currency…
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timesofoman.com
Rs 100/$ just a number, right moment to let rupee depreciate: Finance Commission Chairman to RBI
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…