Business Economy 25 Sep 2017 RBI has been interve ...

RBI has been intervening to stem rupee's appreciation - Arvind Subramanian

REUTERS
Published Sep 25, 2017, 2:04 pm IST
Updated Sep 25, 2017, 2:04 pm IST
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.
 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.

 

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