Former RBI Governor Duvvuri Subbarao has said the Reserve Bank should allow the rupee to depreciate further to absorb external shocks and rely on liquidity management measures, instead of immediate interest rate hikes if inflation pressures intensify, PTI reported.

Former RBI Governor Duvvuri Subbarao has advised the RBI to allow some rupee depreciation to counter external pressures. He has suggested using liquidity measures instead of rate…

Former RBI Governor Duvvuri Subbarao has said the Reserve Bank should allow the rupee to depreciate further to absorb external shocks and rely on liquidity management measures,…