RBI Sees Rupee As Fairly Valued, Suggests New Paper
RBI Sees Rupee As Fairly Valued, Suggests New Paper Jan 21 2021, 1:59 PM January 21 2021, 1:41 PM January 21 2021, 1:59 PM The Reserve Bank of India has updated its real effective exchange rate indices used to judge the competitiveness of the Indian rupee. The new indices, according to a paper published in the central bankâs monthly bulletin, suggests that the rupee is fairly valued and appreciation due to large capital inflows, if permitted, would make the Indian currency uncompetitive.By adjusting for inflation differentials and trade patterns, the rea... The Reserve Bank of India has ...
Source: bloombergquint.com