RBI has been intervening to stem rupee's appreciation - Arvind Subramanian
25 Sep 2017 8:34 AM GMT
Subramanian said there was a 'big' appreciation of the rupee between January and April.
RBI has been intervening to stem the rupee's appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.
New Delhi: The Reserve Bank of India has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.
Subramanian said there was a “big” appreciation of the rupee between January and April which had adversely impacted Indian exports and the country’s import-competing sectors.
( Source : reuters )
Next Story
