The rupee’s slide against the US dollar this year has been met with frenzied commentary in some quarters. But policymakers look comfortable with the weaker rupee. In particular, the RBI appears to have been less aggressive in intervening in FX markets in recent weeks. On balance, the currency is likely to weaken a little further over the coming months.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.